NO : WP-2026-006 AUTHOR :Bharti Nandwani, Ishita Varma TITLE : From State to Community: Forest Land Rights and Forest Conservation in India ABSTRACT : This paper examines the impact of India’s landmark Forest Rights Act (FRA), which granted indigenous forest-dwelling communities legal rights to manage and protect forests, on the incidence of forest fires. […]
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How Maternity Leave Policies Affect Female Employment: A Cross Country Analysis by Shameena Khatoon
NO : WP-2026-008 AUTHOR : Shameena Khatoon TITLE : How Maternity Leave Policies Affect Female Employment: A Cross Country Analysis ABSTRACT : This study examines how maternity leave policies affect female labor force participation (FLP) across 160 countries from 2000 to 2023. We analyze the crucial but overlooked dimension of payment structure whether governments […]
Impact of RBI’s monetary policy announcements on government bond yields: Evidence from the pandemic
NO: WP-2023-04 AUTHOR: Aeimit Lakdawala, Bhanu Pratap and Rajeswari Sengupta TITLE: Impact of RBI’s monetary policy announcements on government bond yields: Evidence from the pandemic ABSTRACT: We investigate how the bond market responded to the effects of the Reserve Bank of India’s (RBI) monetary policy actions undertaken since the start […]
Improving tax revenues in the emerging markets: A Laffer curve analysis by Snigdha Kalra and Sargam Gupta
NO : WP-2025-007 AUTHOR : Snigdha Kalra and Sargam Gupta TITLE : Improving tax revenues in the emerging markets: A Laffer curve analysis ABSTRACT : This paper explores the possible ways in which the emerging market and developing economies (EMDEs) can improve their tax-to-GDP ratio using a theoretical framework. We do this using […]
Indian industrial pricing under inflation targeting by Ashima Goyal and Vipasha Pandey
NO : WP-2025-010 AUTHOR : Ashima Goyal and Vipasha Pandey TITLE : Indian industrial pricing under inflation targeting ABSTRACT : A puzzling characteristic of post-pandemic Indian inflation is the fall, within 10 years of adopting flexible inflation targeting (IT), in core inflation to lifetime lows despite high growth and recurrent commodity price shocks. […]
Individuals’ Social Concern, Externalities and Voluntary Vaccination: Monopoly and First-Best Public Policy
NO : WP-2024-023 AUTHOR : Sumana Kundu and Rupayan Pal TITLE : Individuals’ Social Concern, Externalities and Voluntary Vaccination: Monopoly and First-Best Public Policy Abstract This paper studies the role of individuals’ social concern in a monopoly vaccine market characterized by externalities, and the first-best public policy. Considering a voluntary vaccination environment and […]
Inflation Expectations of Indian Households: A Better Way to Measure, and Behavioral Consequences by Roshin Paul P and Taniya Ghosh
NO : WP-2026-009 AUTHOR : Roshin Paul P and Taniya Ghosh TITLE : Inflation Expectations of Indian Households: A Better Way to Measure, and Behavioral Consequences ABSTRACT : The causes and consequences of Indian households’ Inflation Expectations (IE) are investigated using an ad-hoc survey covering 1010 urban households across Delhi, […]
Is core inflation useful in predicting headline inflation? Evidence from a large, emerging economy by Yogeshwar Bharat (SNU), Rajeswari Sengupta (IGIDR), Gautham Udupa (CAFRAL)
NO : WP-2025-021 AUTHOR : Yogeshwar Bharat (SNU), Rajeswari Sengupta (IGIDR), Gautham Udupa (CAFRAL) TITLE : Is core inflation useful in predicting headline inflation? Evidence from a large, emerging economy ABSTRACT : Core inflation measure is widely tracked as a measure of trend inflation, but it does not forecast headline inflation well. In […]
MAXIMUM ENTROPY SPECTRAL ANALYSIS by Dilip M.Nachane
NO : WP-2025-020 AUTHOR : Dilip M.Nachane TITLE : MAXIMUM ENTROPY SPECTRAL ANALYSIS ABSTRACT : The maximum entropy principle is characterized as assuming the least about the unknown parameters in a statistical model. In its applied manifestations, it uses all the available information and makes the fewest possible assumptions regarding the unavailable information. The […]
Monetary Policy in India: The Long Road to Inflation Targeting by Rajeswari Sengupta (Indira Gandhi Institute of Development Research)
NO : WP-2026-005 AUTHOR :Rajeswari Sengupta (Indira Gandhi Institute of Development Research) TITLE : Monetary Policy in India: The Long Road to Inflation Targeting ABSTRACT : This paper traces the evolution of monetary policy in India and the institutional, intellectual, and macroeconomic forces that culminated in the adoption of flexible inflation targeting (FIT) in […]
