McCallum Rule: What It is, How It Works, FAQs

The McCallum Rule is a monetary policy theory and formula describing the relationship between the monetary base and nominal GDP growth.
San Francisco Fed

Using Chain-Weighted NIPA Data

This Economic Letter discusses a topic that at first glance appears to be boring and technical but that in fact turns out to be quite important: the proper interpretation of chain-weighted data. To ...
Forbes India

What India’s FY26 nominal GDP estimate tells us

The Ministry of Statistics and Programme Implementation (MoSPI) on January 7 released the first advance estimates of India’s gross domestic product (GDP) for FY26. The estimates peg real GDP growth at ...
Reuters

Fall in India nominal GDP growth in FY24 to challenge fiscal math

MUMBAI, Jan 9 (Reuters) - India's nominal GDP growth is likely to fall in 2023-24, hurting tax collections and putting pressure on the federal government to reduce the budget gap by cutting expenses ...