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Working Paper: Coping with the Consequences of Short-Term Illness Shocks: The Role of Intra-Household Labour Substitution

Author:  Abhishek Dureja and Digvijay S. Negi Title: Coping with the Consequences of Short-Term Illness Shocks: The Role of Intra-Household Labour Substitution Abstract: In developing countries where medical infrastructure and service delivery system, and the market for health insurance are underdeveloped, one important mechanism to cope with the consequences of health shocks is […]

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Working Paper: Cross Border Flows, Financial Intermediation and Interactions of Policy Rules in a Small Open Economy Model

Author: Ashima Goyal and Akhilesh K. Verma Title: Cross Border Flows, Financial Intermediation and Interactions of Policy Rules in a Small Open Economy Model Abstract: We present a small open economy New Keynesian model with financial intermediation to investigate the interaction between monetary policy and macroprudential regulations. Our model economy attempts to capture […]

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Working Paper: Network Compatibility, Intensity of Competition and Process R&D : A Generalization

No: WP-2020-007 Author: Sumit Shrivastav Title:  Network Compatibility, Intensity of Competition and Process R&D : A Generalization Abstract: This paper analyses implications of network compatibility and competition on process innovation in differentiated network goods duopoly. It shows that firms R&D investments are strategic substitutes (complements), if effective network compatibility is less (more) than […]

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Working Paper: Shilnikov Chaos, Low Interest Rates, and New Keynesian Macroeconomics

No: WP-2020-006 Author: William A. Barnett, Giovanni Bella, Taniya Ghosh, Paolo Mattana and Beatrice Venturi Title: Shilnikov Chaos, Low Interest Rates, and New Keynesian Macroeconomics Abstract: The paper shows that in a New Keynesian (NK) model, an active interest rate feedback monetary policy, when combined with a Ricardian passive fiscal policy, à la Leeper-Woodford, […]

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Working Paper: Do Storage and Structural Factors Determine Agricultural Commercialization in India?

No: WP-2020-004 Author: A. Ganesh-Kumar and Varun Kumar Das Title: Do Storage and Structural Factors Determine Agricultural Commercialization in India? Abstract: This paper analyses the role of storage facility and structural factors in determining agricultural commercialization in India. Commercialization of agriculture represents an important aspect of farm market behaviour. Farmers’ commercialization decision may be […]

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