Policy Making

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August 31, 2024 4 min read Definitions
National Institution for Transforming India: Strategic Framework for Development
Government Economics Policy Making National Institution for Transforming India NITI Aayog Economic Development Government Policy Planning Commission
The National Institution for Transforming India, established in 2015, serves as a pivotal policy think tank that replaced the Planning Commission, focusing on India's economic progress and development.
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August 31, 2024 4 min read Definitions
Time-Inconsistency: The Challenge of Credibility in Policy Making
Economics Policy Making Time-Inconsistency Economics Policy-Maker Credibility Commitment
Time-inconsistency refers to a situation where a policy-maker has incentives to deviate from an earlier commitment, leading to credibility issues in policy making.
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