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Regulatory Reform, or………Wreck you Sooner than Later Reform? Ganga Prasad Rao Energy, Environmental and Mineral Economist gprasadrao@hotmail.com gangaprasad.rao@gmail.com Disclaimer : The author makes no claims to factuality of the contents, or the outcomes of designs elaborated in this column. Regulatory Reform is an oft-heard cliche in political circles, and among economists, investors and bankers. (One almost immediately suspects a conspiracy amongst them...or, is that being too intrusive?) Textbook regulatory reform is all about enhancing the efficiency of regulations - existing, under revision, proposed, and prospective, of maximizing net benefits, ie, incremental benefits net of incremental costs, about internalizing externalities - non-pecuniary and pecuniary, and reducing policy uncertainty. But reality is as much distanced from theory as politics is from truth. Regulatory reform has turned in to a catch-phrase, even a catch-all for unholy intentions of PV-capitalists, whether w

The Indexation Curse…..err, I mean Bounty !  (plus an Introduction to Macro-Monetary-Financial design)                    Ganga Prasad Rao Energy, Environmental, and Mineral Economi st gprasadrao@hotmail.com    Evernote: gprao Disclaimer The design broached in this blog is a proposal to the global community of economists, policy-makers and finance professionals. The author does not guarantee the outcomes indicated, or vouch for its financial robustness. Introduction Inflation is, simultaneously, a layman's topic of conversation, the subject of many mundane government reports, and the focus of innumerate macro-economic researchers who seek to model, if not tame the wild animal with myriad econometric techniques, volumes of data and computing power. But the majority of such studies treat inflation at a national or sub- sectoral level. The few that consider cross-country inflation limit it to impacts from trade, and to foreign exchange disequilibria. There is little in the formal or