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Working Paper: How far is the Indian nominal exchange rate from equilibrium?

No: WP-2019-030 AUTHOR: Ashima Goyal and Krittika Banerjee TITLE: How far is the Indian nominal exchange rate from equilibrium? Abstract: Examining misalignments from equilibrium exchange rates for eight key emerging markets does not find evidence of systemic overvaluation. Swings associated with global events suggest changes are driven more by surges in global capital. […]

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Working Paper: Externalities, Entry Bias and Optimal Subsidy Policy in Oligopoly

No: WP-2019-028 AUTHOR: Rupayan Pal and Ruichao Song TITLE: Externalities, Entry Bias and Optimal Subsidy Policy in Oligopoly Abstract : This article analyses alternative subsidy schemes and long-run entry bias in a new industry that creates positive environmental externalities. It demonstrates that per unit subsidy scheme, despite attracting fewer firms, results […]

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