The first issue of 2022 begins with a paper by Barry Eichengreen, Poonam Gupta, and Rishabh Choudhary, which looks at the preparedness of India and other emerging markets for the next round of US Federal Reserve tapering. Renu Kohli examines India's demonetization episode and concludes that it does not meet the established principles of policy credibility. In their paper on corporate tax incidence, Sankarganesh Karuppaiah and Shanmugam show that India's corporate tax has a significant adverse impact on both wages paid to employees and profit after tax. In the context of SARS-COV-2, Shambhavi Naik and Aditya Ramanathan examine the drivers and constraints on bioweapons use and the ways in which it could be employed. The paper further proposes steps that a renewed Bioweapons Convention can take to mitigate the risk of bioweapons attacks. Madhav Godbole writes a review article based on Ranjan Gogoi's book "Justice for the Judge: An Autobiography".