Author: Ashima Goyal and Rupayan Pal Title: Global Shocks and International Policy Coordination Abstract: We argue emerging markets (EMs) have become large enough to make it in advanced economies (AEs) own interest to reduce negative spillovers to EMs. It follows the potential for international cooperation in macroeconomic and prudential policy […]
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Does the creation of smaller states lead to higher economic growth? Evidence from state reorganization in India
Author: Vikash Vaibhav and K. V. Ramaswamy Title: Does the creation of smaller states lead to higher economic growth? Evidence from state reorganization in India Abstract: In the largest territorial reorganization since the 1950s, when the modern state boundaries were demarcated, the Indian union government carved out three new states […]
for appointment of Director for IGIDR
Global Food Price Surge, In-Kind Transfers, and Household Welfare Evidence from India
Author: Digvijay S Negi Title: Global Food Price Surge, In-Kind Transfers, and Household Welfare Evidence from India Abstract: This paper studies the impact of high global food prices on household welfare in India. I use the 2007-08 surge in global food prices and household share of area under rice and […]
Capital account openness in India and a comparison with China: Then versus now
Author: Nidhi Aggarwal, Sanchit Arora, Rajeswari Sengupta Title: Capital account openness in India and a comparison with China: Then versus now Abstract: Existing evidence shows that over the years, India’s capital account has become relatively more open, while the same cannot be said for China. However, with its rising share […]
IGIDR Admission 2022 for MSc Economics and PhD Development Studies
21st Annual Conference of the Indian Association of Social Science Institutions (IASSI) will be held during 13-15 June, 2022 at IGIDR
The 21st Annual Conference of the Indian Association of Social Science Institutions (IASSI) will be held during 13-15 June, 2022 at the Indira Gandhi Institute of Development Research (IGIDR), Mumbai, India. Dr. Kirit Parikh, the well-known economist and Chairman, IRADe and former Member, Planning Commission is the Conference President. Professor […]
Geo-statistical Methods for Economic Analysis
Exploring Correlations between Aggregate Demand and Supply Shocks in India
Author: Ashima Goyal and Sritama Ray Title: Exploring Correlations between Aggregate Demand and Supply Shocks in India Abstract: We explore the relative contributions of demand and supply shocks on inflation and output in India when correlation is allowed between shocks. Our SVAR model is estimated with quarterly GDP, WPI and […]
Flexible Inflation Targeting: Concepts and application in India
Author: Ashima Goyal Title: Flexible Inflation Targeting: Concepts and application in India Abstract: The paper examines considerations that arise in adapting IT to emerging markets (EMs). These include the necessity of flexibility, the working of the expectations channel, the dominance of supply shocks, fiscal-monetary coordination, forecasting issues and guidance of […]
