Ila Patnail and Joshua Felman. Did QE unleash a monetary tsunami? An exchange market pressure approach. 2013 (forthcoming)
Rudrani Bhattacharya, Pranav Gupta, Ila Patnaik, and Rafael Portillo. Forecasting and monetary policy analysis in emerging economies: The case of India. 2013 (forthcoming)
Rudrani Bhattacharya and Ila Patnaik. Credit constraints, productivity shocks and consumption volatility in emerging economies. NIPFP Working Papers, 121, 2013 [pdf]
Dilek Demirbas, Ila Patnaik, and Ajay Shah. Graduating to globalisation: A study of southern multinationals. Indian Growth and Development Review, 6(2):242–259, October 2013 [pdf]
Ila Patnaik and Ajay Shah. Did the Indian capital controls work as a tool of macroeconomic policy? IMF Economic Review, 60(3):439–464, September 2012 [pdf]
Ila Patnaik, Abhijit Sen Gupta, and Ajay Shah. Determinants of trade misinvoicing. Open Economies Review, 23:891–910, 2012 [pdf]
Rudrani Bhattacharya, Ila Patnaik, and Ajay Shah. Export versus FDI in services. The World Economy, 35(1):61–78, 2012 [pdf]
Ila Patnaik, Ajay Shah, and Giovanni Veronese. How should inflation be measured in India? Economic and Political Weekly, XLVI(16):55–64, April 2011 [pdf]
Ila Patnaik, Ajay Shah, Anmol Sethy, and Vimal Balasubramaniam. The exchange rate regime in Asia: From crisis to crisis. International Review of Economics and Finance, 20(1):32 – 43, 2011 [pdf]
Achim Zeileis, Ajay Shah, and Ila Patnaik. Testing, monitoring, and dating structural changes in exchange rate regimes. Computational Statistics and Data Analysis, 54(6):1696 – 1706, 2010 [pdf]
Ila Patnaik and Ajay Shah. Does the currency regime shape unhedged currency exposure? Journal of International Money and Finance, 29(5):760 – 769, 2010 [pdf]
Ila Patnaik and Ajay Shah. Why India choked when Lehman broke. India Policy Forum, 6:39–73, 2009-10 [pdf]
Shruthi Jayaram, Ila Patnaik, and Ajay Shah. Examining the decoupling hypothesis for India. Economic and Political Weekly, XLIV(44):109–116, October 2009 [pdf]
Ila Patnaik and Ajay Shah. The difficulties of the Chinese and India exchange rate regimes. European Journal of Comparative Economics, 6(1):157–173, June 2009
Rudrani Bhattacharya, Ila Patnaik, and Ajay Shah. Early warnings of inflation in India. Economic and Political Weekly, November 2008 [pdf]
Ila Patnaik. India’s currency regime and its consequences. Economic and Political Weekly, March 2007
Ila Patnaik. India’s experience with a pegged exchange rate. India Policy Forum, 3:189–226, 2006-07 [pdf]
Ila Patnaik and Rachna Sharma. Business cycles in the Indian economy. Margin, 35(1):71–79, October–December 2002 [pdf]
Ila Patnaik and Peter Pauly. The Indian foreign exchange market and the equilibrium real exchange rate of the rupee. Global Business Review, 2(2), 2001 [pdf]
Ila Patnaik and Deepa Vasudevan. Trade misinvoicing and capital flight from India. Journal of International Economic Studies, 14:99–108, March 2000 [pdf]
Ila Patnaik. Excess sensitivity and the permanent income hypothesis : Evidence from a developing country. Applied Economics Letters, 4:521–524, 1997 [pdf]
Ila Patnaik and Ajay Shah. Asia confronts the impossible trinity. In Masahiro Kawai, Peter J. Morgan, and Shinji Takagi, editors, Monetary And Currency Policy Management In Asia, chapter 7. Edward Elgar Publishing, February 2012
Ajay Shah and Ila Patnaik. Managing capital flows: The case of India. In Masahiro Kawai and Mario B. Lamberte, editors, Managing capital flows: The search for a framework, chapter 9, pages 260–279. Edward Elgar Publishing, 2010 [pdf]
Ajay Shah and Ila Patnaik. India. In Jerry Caprio, editor, Encyclopaedia of Financial Globalization, chapter 67. Elsevier, 2011 [pdf]
Ajay Shah and Ila Patnaik. Stabilising the Indian business cycle. In Sameer Kochhar, editor, India on the growth turnpike: Essays in honour of Vijay L. Kelkar, chapter 6, pages 137–154. Academic Foundation, 2010 [pdf]
Ila Patnaik. Tariffs. In Kaushik Basu, editor, The Oxford Companion to Economics in India, pages 510–511. Oxford, 2007
Ajay Shah and Ila Patnaik. India’s experience with capital flows: The elusive quest for a sustainable current account deficit. In Sebastian Edwards, editor, Capital controls and capital flows in emerging economies: Policies, practices and consequences, chapter 13, pages 609–643. The University of Chicago Press, 2007
Shankar Acharya, Isher Ahluwalia, K. L. Krishna, and Ila Patnaik. Economic growth in India, 1950-2000. In Kirit S. Parikh, editor, Explaining growth. Oxford University Press, New Delhi, August 2006
Co-lead the Research Program on Macroeconomics and Finance for the Department of Economic Affairs of the Ministry of Finance, 2007-2013.
Member, Ministry of Finance Working Group on Foreign Investment, 2009-10.
Member, Ministry of Finance Internal Working Group on Internal Debt Management, 2008.
Member, RBI Working Group on Economic Indicators, 2001-2002.