Publications

For Publications by topic

2021

Analysing India’s Exchange Rate Regime Working Paper, National Institute of Public Finance & Policy.

2020

Four years of the inflation targeting framework Working Paper, National Institute of Public Finance & Policy.
Impact of Covid-19 on the Indian Economy: An Analysis of Fiscal Scenarios Indian Public Policy Review: A Journal of Economics, Politics and Strategy (IPPR), Vol. 1, No. 1, Pages - 41-52.
Moving to Inflation Targeting. Working Paper, National Institute of Public Finance & Policy.
Health and disaster risk management in IndiaChapter 11 in Public Health and Disasters - Health Emergency and Disaster Risk Management in Asia.

2019

Examining the trade-off between price and financial stability in IndiaWorking Paper, National Institute of Public Finance & Policy.
Motivations for capital controls and their effectivenessInternational Journal of Finance and Economics (Early View).
Business cycle measurement in IndiaIn Business Cycles in BRICS, pages 121-152. Springer.
Chennai 2015: A novel approach to measuring the impact of a natural disasterWorking paper, National Institute of Public Finance and Policy.
Financial shocks and Exchange Market PressureADB Economics Working Paper Series.
Savings and capital formation in IndiaIn Grasping greatness. Penguin, (forthcoming).
Measuring business cycle conditions in IndiaWorking paper, National Institute of Public Finance and Policy.
Fiscal policy cyclicality in South Asian economiesWorking paper, National Institute of Public Finance and Policy.
Financial Sector Reforms in IndiaWorking paper, National Institute of Public Finance and Policy.
How much equity capital should a central bank hold?Working paper, National Institute of Public Finance and Policy.
How to Modernise the Working of Courts and Tribunals in IndiaWorking paper, National Institute of Public Finance and Policy.
Impact of tax breaks on household financial saving in IndiaIndia Policy Forum.

2018

Exporting and firm performance: Evidence from IndiaIndian Growth and Development Review.
Diagnosing and overcoming sustained food price volatility: Enabling a National Market for FoodWorking paper, National Institute of Public Finance and Policy.
Regulating infrastructure development in indiaWorking paper, National Institute of Public Finance and Policy.
The rise of government-funded health insurance in IndiaWorking paper, National Institute of Public Finance and Policy.
Fair play in Indian health insuranceWorking paper, National Institute of Public Finance and Policy.
Internationalisation of the rupeeWorking paper, National Institute of Public Finance and Policy.

2017

Legislative strategy for setting up an independent debt management agencyNUJS Law Review, 2017.
Dating business cycles in IndiaIndian Growth and Development Review, 2017
A cross-country Exchange Market Pressure (EMP) datasetJournal of Data in Brief, 2017
An exchange market pressure measure for cross country analysisJournal of International Money and Finance

2016

Where is India's Growth Headed?India Review
Foreign Currency Borrowing by Indian Firms: Towards a New Policy FrameworkIndia Policy Forum
Seasonal adjustment of Indian macroeconomic time-seriesWorking paper, National Institute of Public Finance and Policy

2015

Financial Inclusion, Productivity Shocks, and Consumption Volatility in Emerging EconomiesThe World Bank Economic Review
Fundamental Redesign of Financial Law: The Indian ApproachIndia Review

2014

Reforming India's Financial SystemPolicy brief, Carnegie Endowment for International Peace
Monetary policy analysis in an inflation targeting framework in emerging economies: The case of India Working paper, National Institute of Public Finance and Policy
Getting India Back on Track: An Action Agenda for Reform. Chapter 1: Maintaining Macroeconomic StabilityCarnegie Endowment for International Peace
India: Democracy and Economic Growth Conference paper, Legatum Institute

2013

Did QE unleash a monetary tsunami? An exchange market pressure approachWorking paper, National Institute of Public Finance and Policy
Foreign investment in the Indian Government bond marketWorking paper, National Institute of Public Finance and Policy
Credit constraints, productivity shocks and consumption volatility in emerging economiesWorking paper, National Institute of Public Finance and Policy
Emerging Economy Business Cycles: Financial Integration and Terms of Trade ShocksWorking paper, National Institute of Public Finance and Policy
Has India emerged? Business cycle stylized facts from a transitioning economyStructural Change and Economic Dynamics
The investment technology of foreign and domestic institutional investors in an emerging marketJournal of International Money and Finance
Graduating to globalisation: A Study of Southern multinationalsIndian Growth and Development Review
Foreign Investors under Stress: Evidence from IndiaInternational Finance
Learning by exporting: Evidence from IndiaWorking paper, Asian Development Bank

2012

Did the Indian capital controls work as a tool of macroeconomic policy?IMF Economic Review
Monetary and currency policy management in Asia. Chapter: Asia Confronts the Impossible TrinityEdward Elgar Publishing
Determinants of trade misinvoicingOpen Economies Review
Export versus FDI in servicesThe World Economy
New Thinking on Corporate Bond Market in IndiaWorking paper, National Institute of Public Finance and Policy

2011

The exchange rate regime in Asia: From crisis to crisisInternational Review of Economics and Finance
Encyclopaedia of Financial Globalization. Chapter: India's financial globalisationElsevier
Monetary policy transmission in an emerging market setting Working paper, International Monetary Fund
How should inflation be measured in India? Economic and Political Weekly
Financial Sector in India: Time for a Second Wave?Working paper, OECD Economics Department
Who cares about the Chinese Yuan?Working paper, National Institute of Public Finance and Policy
Foreign shareholding: A decomposition analysisApplied Financial Economics

2010

Why India choked when Lehman brokeIndia Policy Forum
Does the currency regime shape unhedged currency exposure?Journal of International Money and Finance
Managing capital flows: The search for a framework. Chapter 9: The case of IndiaA joint publication of the Asian Development Bank Institute and Edward Elgar Publishing
India on the growth turnpike: Essays in honour of Vijay L. Kelkar. Chapter 6: Stabilising the Indian business cycleAcademic Foundation
Testing, monitoring, and dating structural changes in exchange rate regimesComputational Statistics and Data Analysis
Understanding the ADR premium under market segmentationWorking paper, National Institute of Public Finance and Policy

2005 - 2009

The difficulties of the Chinese and Indian exchange rate regimesEuropean Journal of Comparative Economics
Examining the decoupling hypothesis for India Economic and Political Weekly
Early warnings of inflation in IndiaEconomic and Political Weekly
The Oxford Companion to Economics in India. Chapter: TariffsOxford University Press
India's currency regime and its consequencesEconomic and Political Weekly
Capital controls and capital flows in emerging economies: Policies, practices and consequences. Chapter 13: India's experience with capital flows: The elusive quest for a sustainable current account deficitThe University of Chicago Press
Explaining growth. Chapter: Economic growth in India, 1950-2000 Oxford University Press

Before 2005

Interest Rate Volatility and Risk in Indian BankingWorking paper, International Monetary Fund
India's experience with a pegged exchange rateThe India Policy Forum
Business cycles in the Indian economyMargin: The Journal of Applied Economic Research