Dr. Mangal Goswami delivered two talks on the 12th
of March on "Macroeconomic Adjustments - A Global Perspective" at the LSR
college as well as IIT Delhi. He extensively spoke about the primary concerns
for macroeconomic performances, the keys for achieving stability as well as the
key parameters which initiate adjustments. He highlighted the key
stabilization measures that can be undertaken such as expenditure adjustment
policies (fiscal & monetary), expenditure switching policies (exchange rate
policy) as well as other policies (mainly adjusting key prices). He also laid
down the factors that can determine which policy needs to implemented depending
on the speed of implementation, level of impact as well as the key factors that
it affects. He summarized the discussion by talking about structural reforms
and gave examples of adjustment policies covered by several companies. The
event ended with a short presentation of the Meghnad Desai Academy