Macroeconomic policy, fiscal strategy, and economic reform by Skanda Amarnath
Skanda Amarnath: Coverage resumes for October U.S. CPI release
Skanda Amarnath announced that coverage has resumed for the October Consumer Price Index (CPI) release alongside Conor Sen. No further details about the coverage content or timing were provided ...
Healthcare services outpace expected GDP growth, Skanda Amarnath notes
Healthcare services have contributed more to real GDP in the last six quarters than what known factors such as demographics would have predicted. Skanda Amarnath suggested that artificial ...
Skanda Amarnath: Fewer live Fed meetings may require faster rate moves or risk falling behind
Skanda Amarnath said that lowering the number of live Federal Reserve meetings per year may force the Fed to either risk moving too slowly and falling behind the curve or become more open to ...
Crypto played a role in making frictionless gambling more accepted, Skanda Amarnath writes
Skanda Amarnath described his view that crypto has played a significant role in increasing the social acceptance of friction-free gambling. He noted that while gambling often receives critical ...
Skanda Amarnath: Hoover Institution scholar effectively interpreted Keynes on recessions from risk premium shocks
Skanda Amarnath said among mainstream macroeconomic scholars, a Hoover Institution scholar was particularly effective in understanding Keynes. He highlighted that recessions driven by risk premium ...
Treasury buybacks seen as behavioral economics tool, Skanda Amarnath notes
Skanda Amarnath raises questions about the role of Treasury buybacks, suggesting they may serve as a form of behavioral economics paternalism aimed at Treasury market participants. The comment ...
Skanda Amarnath: Policy decisions kept inflation above target while raising interest rates
Skanda Amarnath argues that inflation could have reached 2% last year if policymakers had not intervened. He criticizes decisions such as implementing tariffs and engaging in war, suggesting ...
Fewer commercial taxpayers increase residential tax burden, Skanda Amarnath notes
Skanda Amarnath points out that while some politicians boast about blocking new development, the Mayor has raised property taxes by 15 percent. Amarnath attributes this increase in large part to ...
Skanda Amarnath: Wireless plan price increases had outsized impact on year-on-year data in 2017
Skanda Amarnath highlights that recent changes in wireless plan pricing are playing a different role now compared to previous years. He observes that while wireless providers have recently ...
Dogecoin was previously marketed for fiscal policy impact, Skanda Amarnath notes
Skanda Amarnath recalls a time when Dogecoin (DOGE) was promoted as an innovative shortcut in fiscal policy aimed at lowering interest rates. The comment refers to past narratives that positioned ...
Skanda Amarnath: Payroll revisions show solid job growth trend
Skanda Amarnath emphasizes the importance of viewing payroll data holistically to account for regular revisions. He points out that last month's reported negative jobs number, which was ...
Skepticism in market pricing aligns with Warsh comments, Skanda Amarnath notes
Skanda Amarnath observes that there is significant skepticism embedded in current market pricing. He attributes this to the past communication style of Warsh and his aversion to forward guidance. ...
Skanda Amarnath: NVDA domestic value-add is not fully reflected in U.S. GDP data
Skanda Amarnath highlights a gap in how NVDA’s domestic value-add is measured in U.S. economic statistics. He explains that while this value should be captured by Gross Domestic Income (GDI), it ...
Taking out 30-year debt at scale can work, Skanda Amarnath argues
Skanda Amarnath discusses the potential for addressing outstanding 30-year stock debt through large-scale buybacks. Amarnath points out that while smaller buybacks have not had significant ...
Skanda Amarnath: Appetite for new taxes is low but support exists for investment-based saving options
Skanda Amarnath suggests there is limited support for new taxes but sees potential for improving savings through better investment vehicles. According to Amarnath, while imposing additional taxes ...
High interest rates are linked to inflation, Skanda Amarnath notes
Skanda Amarnath draws attention to the challenges posed by high and rising interest rates. He suggests that reducing inflation is critical for bringing interest rates down, and notes that while ...
Skanda Amarnath: High-risk investments should earn outsized returns for economic progress
Skanda Amarnath argues that the economic system does not benefit when high-risk investments that turn out to be significantly innovative and productive fail to achieve outsized returns. He ...
Jobs data suggest hawkish policy shift, Skanda Amarnath argues
Skanda Amarnath challenges the prevailing interpretation of the latest U.S. jobs report, arguing that market consensus on future Federal Reserve actions may be misguided. He believes the data ...
Skanda Amarnath: Wall Street Journal editorial stance diverges from John Taylor monetary policy legacy
Skanda Amarnath notes that the editorial board of the Wall Street Journal is distancing itself from the intellectual legacy and policy contributions of John Taylor. He points out that rules-based ...
Warsh’s current policy approach differs from 2008, Skanda Amarnath notes
Skanda Amarnath points out that the environment is clearly different compared to 2008. He observes that Warsh, whose policy framework during 2008 is no longer the same, now takes a more hawkish ...
Skanda Amarnath: Three FOMC dissents suggest September rate hike likely
Skanda Amarnath criticizes the recent FOMC decision, characterizing the hold as dovish while arguing that the three dissents now signal a higher chance of a rate hike in September. Amarnath also ...
