NO:WP-2016-014 AUTHOR: B. Sudhakara Reddy TITLE: ECONOMIC DYNAMICS AND TECHNOLOGY DIFFUSION IN INDIAN POWER SECTOR ABSTRACT: There is a growing concern among policy makers about how electricity is generated and consumed in the context of energy security and global climate change. In such a scenario, renewable energy sources, especially solar and […]
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IGIDR Working Paper : “Money and Business Cycle: Evidence From India”
NO : WP-2018-020 AUTHOR : Ashima Goyal and Abhishek Kumar TITLE : Money and Business Cycle: Evidence From India ABSTRACT : In this paper we take a New Keynesian model with non-separable money in utility to Indian data using maximum likelihood. The identification problem in isolating the effect of money on […]
IGIDR Working Paper : A DSGE Model-Based Analysis of the Indian Slowdown
NO : WP-2017-003 AUTHOR :Ashima Goyal and Abhishek Kumar TITLE : A DSGE Model-Based Analysis of the Indian Slowdown ABSTRACT : In this paper we take a New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model to the Indian data using Kalman filter based maximum likelihood estimation. Our model based output […]
IGIDR Working Paper : Abductive Reasoning in Macroeconomics
NO : WP-2016-022 AUTHOR : Ashima Goyal TITLE : Abductive Reasoning in Macroeconomics ABSTRACT : Macroeconomic analytical frameworks change with events they are unable to explain. The process is closer to abductive reasoning that is based on both events and analysis, unlike induction which is data-based and deduction where analysis […]
IGIDR Working Paper : Bank Ownership, Board Characteristics and Performance: Evidence from Commercial Banks in India
NO: WP-2016-016 AUTHOR: Jayati Sarkar and Subrata Sarkar TITLE: Bank Ownership, Board Characteristics and Performance: Evidence from Commercial Banks in India ABSTRACT: The role of governance mechanisms in determining bank outcomes has been studied mostly in the context of developed economies and focused mainly on private banks. In this paper […]
IGIDR Working Paper : Competition in Two Sided Markets with Congestion
NO : WP-2018-024 AUTHOR : Swapnil Sharma TITLE : Competition in Two Sided Markets with Congestion ABSTRACT : Two sided markets involve two groups of agents who interact via “platforms”. This paper analyses competition in a two sided market with congestion. The existing literature’s on pricing mechanisms of two-sided markets has […]
IGIDR Working Paper : Compliance in Letter and Compliance in Spirit? – Evidence from Board and Audit Committee Meetings in India
NO:WP-2016-015 AUTHOR: Subrata Sarkar TITLE: Compliance in Letter and Compliance in Spirit? – Evidence from Board and Audit Committee Meetings in India ABSTRACT: This paper analyzes two notions of compliance, ‘compliance in letter’ and ‘compliance in spirit’, using data on Board and Audit Committee meetings from India under its Clause […]
IGIDR Working Paper : Cost Channel, Interest Rate Pass-Through and Optimal Policy under Zero Lower Bound
NO:WP-2016-012 AUTHOR: Siddhartha Chattopadhyay & Taniya Ghosh TITLE: Cost Channel, Interest Rate Pass-Through and Optimal Policy under Zero Lower Bound ABSTRACT : This paper analyzes optimal monetary policy under zero lower bound in the presence of cost channel. Cost channel introduces trade-off between output and inflation when economy is out […]
IGIDR Working Paper : Looking Beyond the Farm and Household: Determinants of On-farm Diversification in India
NO : WP-2018-023 AUTHOR : Varun Kumar Das TITLE : Looking Beyond the Farm and Household: Determinants of On-farm Diversification in India ABSTRACT : This paper analyses the factors affecting on-farm diversification decision. Notwithstanding the influence of farm and household conditions, studies have also highlighted the role of external pull […]
IGIDR Working Paper : Network Externalities and Process R&D: A Cournot-Bertrand Comparison
NO: WP-2016-020 AUTHOR: Mili Naskar and Rupayan Pal TITLE: Network Externalities and Process R&D: A Cournot-Bertrand Comparison ABSTRACT : This paper examines the implication of the nature of competition in a market with network externalities on strategic investment in process R&D by firms. It shows that network externalities have a positive effect […]
