NO : WP-2025-018 AUTHOR : Ashima Goyal TITLE : Assessing inflation targeting in India ABSTRACT : The literature expects it to take a long to establish inflation targeting (IT) in emerging markets, but the Indian experience suggests that suitable adaption of IT to domestic structure and shocks as well as circumstances can fast-track the […]
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Boys At Risk of Academic Decline? Evidence from a Longitudinal Study by Japneet Kaur
NO : WP-2025-016 AUTHOR : Japneet Kaur TITLE : Boys At Risk of Academic Decline? Evidence from a Longitudinal Study ABSTRACT : Using a unique longitudinal dataset tracking 116,026 students from Grade 1 to Grade 10, we examine the emergence, evolution, and drivers of gender gaps in academic achievement. We document large and […]
Carbon Credit Trading and India’s Green Transition by Saurav Kumar, Taniya Ghosh, Shesadri Banerjee
NO : WP-2025-027 AUTHOR : Saurav Kumar, Taniya Ghosh, Shesadri Banerjee TITLE : Carbon Credit Trading and India’s Green Transition ABSTRACT : This study examines the macroeconomic dynamics under the recently announced intensity-based Carbon Credit Trading Scheme (CCTS) in India using an Environmental Dynamic Stochas¬tic General Equilibrium framework. The policy freely allocates carbon certificates […]
Decentralisation of governance and maternal healthcare utilisation: Evidence from India by Bharti Nandwani and Ishita Varma
NO : WP-2025-014 AUTHOR : Bharti Nandwani and Ishita Varma TITLE : Decentralisation of governance and maternal healthcare utilisation: Evidence from India ABSTRACT : This paper examines the impact of a decentralisation program implemented in India’s Schedule Five Areas – home to 100 million indigenous people (Scheduled Tribes, or STs) – on maternal […]
Do Actions Match Words? Reassessing the Taylor Rule in an Emerging-market Context by Vaishali Garga (Federal Reserve Bank of Boston), Benjamin Gryzb (Federal Reserve Bank of Boston) and Rajeswari Sengupta (Indira Gandhi Institute of Development Research)
NO : WP-2026-003 AUTHOR : Vaishali Garga (Federal Reserve Bank of Boston), Benjamin Gryzb (Federal Reserve Bank of Boston) and Rajeswari Sengupta (Indira Gandhi Institute of Development Research) TITLE : Do Actions Match Words? Reassessing the Taylor Rule in an Emerging-market Context ABSTRACT : We examine whether India’s adoption of inflation targeting in 2015 […]
Dumping Concerns amid Trade War and India-US Trade Deal
NO : WP-2025-011 AUTHOR : Himanshu Jaiswal and A. Ganesh-Kumar TITLE : Dumping Concerns amid Trade War and India-US Trade Deal ABSTRACT : The trade war initiated by the US has taken several twists. Now, the US imposes a baseline tariff on almost all countries, while the tariff fight between China and the […]
Exchange Rate Volatility and its Impact on Borrowing Costs by Ashima Goyal and Sritama Ray
NO : WP-2025-026 AUTHOR : Ashima Goyal and Sritama Ray TITLE : Exchange Rate Volatility and its Impact on Borrowing Costs ABSTRACT : Reducing borrowing costs for emerging markets (EMs) is a challenge. The additional country risk premia that foreign investors seek are primarily driven by a fear of unexpected currency depreciation; which often […]
Firm-Level Trade Responses to Intellectual Property Reforms: Evidence from India by Qayoom Khachoo, Ridwan Ah Sheikh, Pritam Banerjee
NO : WP-2026-001 AUTHOR : Qayoom Khachoo, Ridwan Ah Sheikh, Pritam Banerjee TITLE : Firm-Level Trade Responses to Intellectual Property Reforms: Evidence from India ABSTRACT : This study leverages India’s Patents (Amendment) Act, 2002, as a quasi-natural experiment within a difference-in-differences framework to examine how domestic reforms related to patents may affect firms’ export […]
Food, Headline, and Core Inflation: Horizon-Dependent Transmission in India by Kritika Sharma, Taniya Ghosh
NO : WP-2026-004 AUTHOR :Kritika Sharma, Taniya Ghosh TITLE : Food, Headline, and Core Inflation: Horizon-Dependent Transmission in India ABSTRACT : Food price shocks are often treated as transitory and largely irrelevant for underlying inflation. In emerging economies, where food has a large weight, such shocks may be more persistent and broader in their […]
Forest Rights, Dietary Diversity and Nutritional Security of Tribal Communities: Evidence from India by Ishita Varma
NO : WP-2025-012 AUTHOR : Ishita Varma TITLE : Forest Rights, Dietary Diversity and Nutritional Security of Tribal Communities: Evidence from India ABSTRACT : India’s indigenous communities (Schedule Tribes or STs) have historically relied on forests for their subsistence, livelihood and cultural identity. Despite this, the STs lacked formal rights to reside in […]
