Articles

  1. "Optimal development in a labour-surplus economy", Indian  Economic Journal, Vol.20 (1972).
  2.  "Posicast control for optimum money-supply analysis", Proceedings of 1st IFAC Conf. on Dynamic Modelling &  Control of National Economies, (Univ.of Warwick, UK), (1972) (with L.R.Chary).
  3. "A non-oscillatory time-optimal control model for optimal money supply determination" in Advances in Control  Systems v.IIID Academic Press, New York (1975) (with S.D.Varwandkar, L.R.Chary & R.G.Phadke).
  4. "Optimal development in a model with labour training costs", Indian Economic Journal, Vol.23 (1975).
  5. "Transport problems of land-locked countries: selected case studies from East Africa", Asian Economic Review (1978).
  6. "Closed loop control, stability and transient behaviour of a class of dynamic economic models", European Journal of Operational Research, Vol.3 (1978) (with L.R.Chary).
  7. "Optimal rate of transfer of technology" in M.Ghonaimy (ed.) Systems  Approach for Development, Pergamon Press,  London (1979).
  8. "Optimal buffer stock operations in a cobweb model" in M.Ghonaimy (ed) Systems Approach for Development, Pergamon Press, London (1979).
  9. "Simulation and port planning", Proceedings of the IFAC Conf.on Control Systems in Shipping, (Cairo, Egypt) (1980) (with V.Subbarao).
  10. "Coastal shipping in India: Problems and prospects", Economic & Political Weekly Vol.16 (Nov. 1981) (with P.R.Chary & V.Subbarao).
  11. "Forecasting freight and passenger traffic on the Indian Railways: A generalised adaptive filtering approach", Indian Economic Journal Vol.29, (1981) (with M.J.M.Rao, A.V.Karnik & V.Subbarao).
  12. "Energy options for the Indian Railways", Indian Economic Journal, Vol.30 (1982) (with M.J.M.Rao, A.V.Karnik & V. Subbarao).
  13. "An econometric model for forecasting aggregate deposits of the Indian banking system" in S.Singh & V.Varde (ed) Forecasting in the Banking Industry, (NIBM Publ. India) (1982)
  14. "Causality between money and income: The Indian case", Paper read at 4th IFAC Conf. On Dynamic Modelling and   Control of National Economies (Washington, D.C. USA)  (1983) (with R.M.Nadkarni & T.V.Money).
  15. "Interactions between London and Bombay gold markets: A transfer function model", Proceedings of The IEEE Systems, Man & Cybernetics Conf. (Bombay, India) (1983) (with R.M. Nadkarni & M.N.Gawas).
  16. "Trajectory sensitivity considerations in economic policy modelling", Proceedings of The IEEE Systems,.Man &  Cybernetics Conf. (Bombay, India) (1983).
  17. "Optimization methods in multi-level systems" in R.Trappl (ed) Cybernetics & Systems Research v.2, North Holland (1984).
  18. "Empirical testing of certain monetarist propositions via causality theory: The Indian case", Indian Economic Journal, Vol.33 (1985) (with R.M.Nadkarni).
  19. "Causality in economics", Journal of the Indian Council of  Philosophical Research, Vol.3 (1985).
  20. "Optimization methods in multi-level systems: A  methodological survey", European Journal of Operational  Research  Vol.21 (1985).
  21. "The integrated problem of system identification and  optimization" in Control 85 : Proceedings of an IEE Conference, held at Camb.Univ. UK Pergamon Press, London (1985).
  22. "Causality detection via multiple time-series modelling" in Systems Identification & Parameter Estimation: Proceedings of an IFAC Conf. held at Univ. of York, UK, Pergamon Press, London (1985).
  23. "Control theory and development planning:  An assessment", International Journal of Development Planning Literature,  Vol.1 (1986).
  24. "The interdependence between industry and agriculture in India's economic growth : A non-parametric approach", Paper presented at 8th World Congress of the International Economic Association (New Delhi, India) (1986) (with S.D. Sawant & C.V.Achuthan).
  25. "Varying parameter models: An optimal control formulation", Journal of Quantitative Economics, Vol.4 (1988) (with M.J.M.Rao).
  26. "Cointegration and causality testing of the energy-GDP relationship: A cross-country study", Applied Economics Vol..20 (Nov.1988) (with R.M.Nadkarni & A.V.Karnik).
  27. "Agriculture and industry: A study of selected linkages", Indian Journal of Agricultural Economics, Vol.44 (1989) (with S.D.Sawant & C.V.Achuthan).
  28. "The money multiplier: A re-examination of the Indian evidence", Indian Economic Journal, Vol.37 (1989) (with D.Ray).
  29. "Wages and prices in Europe: A test of the German leadership thesis" Weltwirtschaftliches Archiv v.123 (Mar 1990) (with M.J.Artis).
  30. "The design of robust policies for economic models" in R.Trappl (ed) Cybernetics & Systems '90, World Scientific Pub. Co., Singapore (1990).
  31. "The time-varying parameter model: An optimal control appproach using trajectory sensitivity methods", Paper presented at The 6th World Econometric Congress,  Barcelona, Spain 1990 (with M.J.M.Rao).
  32. "Practical aspects of causal inference: An Indian application", Sankhya, Ser.B vol. 53 (Dec 1991).
  33. "Purchasing power parity in the short and long run: A re-appraisal of the post-1973 evidence", Applied Economics, Vol.23 (1991) (with A.Chrissanthaki).
  34. "The Money multiplier in India: Short term and long term aspects", Journal of Quantitative Economics, Vol.8 (1) (Jan 1992).
  35. "Instability of the velocity of money: A new approach based on the evolutionary spectrum", Centre for Economic  Policy Research (London) Discussion Paper No. 735 (1992) (with M.J.Artis and R.Bladen-Hovell).
  36. "Spectral analysis for non-stationary time-series", Paper read at The 1992 India and South-East Asia Meeting of the Econometric Society, Bombay, Dec. 19-21, 1992.
  37. "Testing for Gaussianity and linearity via the Bispectrum: An application to exchange rates", Journal of  Quantitative Economics, Vol.9 (1) (Jan 1993) (with D.Ray).
  38. "Modelling exchange rate dynamics: New perspectives from  the frequency domain", Journal of Forecasting, Vol.12, (1993) (with D.Ray).
  39. "European Monetary System: A Perspective", Journal of Foreign Exchange and International Finance, Vol.6 (1) (April-June 1992), (with Lakshmi R.).
  40. "Identifying the Poor: A Comparison of Income and Expenditure Indicators using the 1985 Family Expenditure Survey", Oxford Bulletin of Economics and Statistics, Vol.57 (1) (Feb.1995) (with P.McGregor).
  41. "Intellectual property rights in the Uruguay Round: An Indian perspective", Economic and Political Weekly, Vol.30(5) (Feb.1995).
  42. "The time-varying parameter model: An optimal control approach using trajectory sensitivity methods", Sankhya,  Ser.B, Vol.56 (Part 2) August 1994.(with (M.J.M. Rao).
  43. "The Bullionist Controversy: An Empirical Reappraisal", The Manchester School, Vol.63(4), December 1995 (with N.Hatekar).
  44. "The Indian Economic situation: Issues and prospects" in  V.R.Panchamukhi (ed) Fiscal Management of the Indian Economy, Interest Publications, New Delhi (1992).
  45. "On the nature of inference and explanation in economics" in Maya Shah (ed) Essays on Economic Policy , Methodology and Human Resources, M.S. University of Baroda (1995).
  46. "Fractional differencing and Purchasing Power Parity", Journal of Quantitative Economics, Vol.11(2) p.123-136, (with D.Ray).
  47. "Ricardo versus Tooke: An old controversy revisited", Economic and Political Weekly, Vol.31 (30) (July 1996), p.65-75 (with N.Hatekar).
  48. "Non linear Dynamics of the money multiplier - selected  case studies", Indian Economic Journal, Vol.45(1), July  1997 p.36-53 (with D.Ray).
  49. "The interest rate Imbroglio: Monetary and Fiscal dimensions", Economic and Political Weekly, Vol.32 (20-21) (May 1997) (with A.V.Karnik and N.Hatekar).
  50. "Purchasing Power Parity: An analysis based on the evolutionary spectrum", Applied Economics, Vol.29,(1997), p.1515-1524.
  51. "Regional Trading Blocs and their implications for the Indian Economy" in Growth, Equity and Sustainability: Studies in Globalisation and Development, edited by D.Gupta and N.Chowdhury, Kluwer Academic Publishers,1997 (with Lakshmi R.).
  52. “A Modified Hannan Inefficient Procedure for Causal  Systems”, Journal of Quantitative Economics, Vol.13(2), July 1997, 63-80.
  53. “Intellectual Property Rights and the WTO: A Southern Perspective”, Annuaire Suisse-Tiers Monde (IUED)1998 25-46.
  54. “The Asian Crisis: Symptoms, Diagnosis, Implications”, Development Bulletin (Australia) No.46, inter 1998 p.14-17.
  55. “India’s Trade Balance in the 1980s: An Econometric Analysis”, Applied Economics, Vol.30 1998 , p.761-774 (with P.Ranade).
  56. “Asian Eclipse: India and China in the Penumbra?”, Economic and Political Weekly, Sept 5-12, 1998 ,p.2357-2378 (with A.Bhalla).
  57. “International Trade Theory and Policy: A Review” Keynote address to the Indian Economic Association, Annual Conference (Bangalore) 1998, Reprinted in the IEA  conference volume p.596-610 (with R.Lakshmi).
  58. “Capital Adequacy Ratios: An Agnostic Viewpoint”, Economic and Political Weekly, Jan 16-23 1999, 155-160.
  59. "Variability of monetary policy lags in India: An approach  based on time-varying spectra", Journal of Quantitative Economics, (with R. Lakshmi), Vol. 15, No.2, July 1999, pp.111-136.
  60. "Commodity Standards, BFH and the New Monetary Economics", Indian Economic Journal, Vol. 48, July-September, 2000-2001, pp.41-55.
  61. "Political Economy of Structural Reforms in India", in B.L. Mungekar, D.M. Nachane and M.J. Manohar Rao, (Eds.),  Indian Economy in the New Millennium, Himalaya Publishing  House, 2001.
  62. "Bank Response to Capital Requirements: Theory and Evidence" (with S. Ghosh), Economic and Political Weekly,  Vol. 36(4), January 27-February 2, 2001.
  63. "Risk-based Standards, Portfolio Risk and Bank Capital: An Econometric Study", (with S. Ghosh), Economic and Political Weekly, Vol. 36(10), March 10, 2001.
  64. "The Asian Financial Crisis", (with A.S. Bhalla), in A.S.  Bhalla, Market or Government Failures? An Asian Perspective, Palgrave, New York, 2001.
  65. "The Impact of the Asian Crisis on China and India", (with  A.S. Bhalla), in A.S. Bhalla, Market or Government Failures? An Asian Perspective, Palgrave, New York, 2001.
  66. “Regulating Market Risks in Banks: A Comparison of  Alternative Regulatory Regimes”, Money and Finance, Vol.2  (No.4-5), p.125-142 (with A.Narain, S.Ghosh).
  67. “The Economic Import of the Asian Crisis in India and China” in H.Chang, G. Palma and D.H. Whittaker (eds.) Financial Liberalization and the Asian Crisis, Palgrave,  New York, 2001 (with A.S. Bhalla).
  68. “Measuring Variability of Monetary Policy Lags: A Frequency Domain Approach”, European University Institute  Working Paper Eco.No.2001/7 (with R. Lakshmi).
  69. “Financial Liberalisation and Monetary Policy: The Indian  Evidence”, European University Institute Working Paper     Eco.No.2001/11.
  70. “Capital Adequacy and Credit Rating: Preliminary Evidence from Indian Public Sector Banks”, Indian Economic Journal, Vol.49, No.1, 2001, p.31-37 (with S. Ghosh).
  71. “Off-Balance Sheet Activities in Banking: Theory and Indian Experience” in R.K. Sen & B. Chatterjee (ed.) Indian Economy: Agenda for the Twnty-First Century: Essays in honour of Professor P.R. Brahmananda, Deep & Deep Publishers Pvt.Ltd., 2002.
  72. “Dynamics of Inflation in India – A P* approach”, Applied Economics, Vol. 34, p.101-110, 2002 (with R. Lakshmi).
  73. “Non-Performing Loans of PSU Banks”, Economic and Political Weekly, Vol.XXXVII, No.5, Feb.2-8, 2002, p.421 (with Saibal Ghosh).
  74. "Changing Monetary Policy Lags and Liberalisation in India", Indian Economic Journal, Vol. 50, No.1, July-Sept. 2002.
  75. "Does Monetary Policy have differential State-level Effects", Economic and Political Weekly, Vol.XXXVII, No.47, Nov. 23, 2002, p.4723-4728 (with Partha Ray & Saibal Ghosh).
  76. "Are Basel Capital Standards Pro-cyclical? Some Empirical Evidence from India", Economic and Political Weekly, Vol.XXXVIII, No.8, Feb.22-28, 2003, p.777-784 (with Saibal Ghosh).
  77. "Capital Requirements and Bank Behaviour: An Empirical Analysis of Indian Public Sector Banks", Journal of International Develoment, Vol. 15, No. 2, March 2003, p. 145-156 (with S. Ghosh, A.Narain and S. Sahoo).
  78. “Causal Inference and scientific Explanation in Economics”, Economic and Political Weekly, Vol.XXXVIII, No.36, Sept.6, 2003, p.3791-3799.
  79. “Have monetary policy lags changed in the post-liberalisation period in India?” in V.Pandit and K.Krishnamurty (ed.) Economic Policy Modelling for India, Oxford University Press, New Delhi, 2004.
  80. “Behaviour of Bank Capital : Issues and Evidence from India” Economic and Political Weekly, vol.XXXIX, No.12, March 20, 2004, p.1291-1298 (with   Saibal Ghosh and Partha Ray).
  81. “Credit Rating and Bank Behaviour in India : Possible Implications of the New Basel Accord” Singapore Economic Review, vol. 49 (1), 2004, p. 37-54 (jointly with Saibal Ghosh)
  82. “Analysis of the Capital Account in India’s Balance of Payments” Economic and Political Weekly, vol.XXXIX, No.27, July 3,2004, p.3031-3044 (with Rajiv Ranjan).
  83. “Time-Frequency Analysis for Nonstationary Time Series” Journal Of Quantitative Economics,  vol.2 (no.2), July 2004, p. 41-57
  84. “The New Basel Capital Accord: A Primary Indian Perspective” Journal of Indian School of Political Economy,  Vol. XVI, No.4, October-December 2004, p.589-622 (with Partha Ray  & Saibal Ghosh)
  85. “The New Basel Capital Accord : Rationale, Design And Tentative Implications For India” In K.S.Parikh And R.Radhakrishna (Ed) India Development Report 2004-2005,  Oxford University Press, New Delhi
  86. “Some Reflections on Monetary Policy in the Leaden Age” Economic and Political Weekly, H.T.Parekh Finance Forum, vol.XL, No.28, July 9-15, 2005, p.2990-2993
  87. “Bank Nominee Directors And Corporate Performance : Micro-Evidence For India” Economic and Political Weekly, vol.XL, No.12, March 19, 2005, p.1216-1223 (with   Saibal Ghosh and Partha Ray).
  88. “Basel II and Bank Lending Behaviour : Some Likely Implications for Monetary Policy”  Economic and Political Weekly, vol.XLI, No.11, March 18, 2006, p.1053-1058 (with   Saibal Ghosh and Partha Ray).
  89. “Approach Paper to the Eleventh Five-Year Plan : A Skeptical Note” Economic and Political Weekly, vol.XLI, No.29, July 22, 2006, p.3141-3143.
  90. “Financial Liberalization : Implications for Sustainable and Equitable Growth” The Indian Economic Journal ,  vol. 54 (1), April-June 2006, p.112-124
  91. “Financial Liberalization and Monetary Policy” Margin-The Journal of Applied Economic Research  vol. 1(1), March 2007, p. 47-83 (with Nishita Raje)
  92. “An Empirical Analysis of the Off-Balance Sheet Activities of Indian Banks” Journal of Emerging Market Finance, Vol.6(1), 2007, p.39-59 (with Saibal Ghosh)
  93. “Liberalisation of the Capital Account : Perils and Possible Safeguards” Economic and Political Weekly, vol.XLII, No.36, Sept. 8-14, 2007, p.3633-3643.