Padma Desai: A pioneer in more ways than one

Arvind Panagariya  12 September 2023 Padma Desai, a pioneering economist and expert on the Russian economy as it made the transition from communism, passed away in April 2023. This column outlines her many contributions over several decades to our understanding of barriers to economic development in pre-reform India, the former Soviet Union and further afield, […]

Profits in a time of inflation: Some insights from recent and past energy shocks in the UK

Ed Manuel,Sophie Piton,Ivan Yotzov The recent sustained high levels of inflation have increased focus on firm markups and profits. Some broad measures suggest increasing profits, but conflate market and non-market sector dynamics and omit important corporate costs. This column constructs an alternative measure of corporate profits to capture UK firm earnings in excess of all […]