Swapnil Suryavanshi
Swapnil Suryavanshi
In this paper, the relationship between nominal interest rate and inflation is analyzed based on Fisher Effect (FE) theory. As per FE theory, the difference between nominal interest rate and expected inflation is equal to real interest rate...
Disentangling demand and supply side determinants of post-GFC credit slowdown: an Indian perspective [0.03%]
次贷危机后的信贷疲软：印度的需求与供给端因素分析
Saurabh Ghosh,Snehal Herwadkar,Radheshyam Verma et al.
Saurabh Ghosh et al.
In an emerging market economy (EME) that depends largely on bank-credit, it is important to decipher whether supply-side or demand-side factors are responsible for a sluggish credit growth phase. A formal empirical analysis using Indian dat...
Exchange rate volatility and India-US commodity trade: evidence of the third country effect [0.03%]
汇率波动与印美商品贸易：第三国效应的证据
Javed Iqbal,Misbah Nosheen,Mark Wohar
Javed Iqbal
The relationship between trade flows and exchange rate uncertainty is still being debated in academic circles while examining the effects of exchange rate uncertainty on India's bilateral trade flows, prior research disregard the "third-cou...
Impact of RBI's monetary policy announcements on government bond yields: evidence from the pandemic [0.03%]
印度央行的货币政策声明对政府债券收益率的影响：来自疫情时期的证据
Aeimit Lakdawala,Bhanu Pratap,Rajeswari Sengupta
Aeimit Lakdawala
We investigate how the bond market responded to the Reserve Bank of India's (RBI) monetary policy actions undertaken since the start of the pandemic. Our approach involves combining a narrative analysis of the media coverage together with a...
Sayantan Ghosal,Dania Thomas
Sayantan Ghosal
A conventional view of sovereign debt restructuring suggests that costly sovereign debt restructuring is required to lower the interest rate charged on it. In the presence of a negative external shock, under certain conditions, we show that...
Aditya Bhattacharjea
Aditya Bhattacharjea
This paper provides a comprehensive analytical account of the major industrial policies in India since independence. It identifies three phases: 1948-1980, a period characterised by increasing state intervention; 1980-1991: a transitional p...
Reverse migration and exports at extensive margin: case of a small dependent economy [0.03%]
逆向迁移与出口广泛边缘化：小依赖型经济案例
Shrimoyee Ganguly
Shrimoyee Ganguly
We analyse the implications of reverse migration on export quality upgrading by the origin country. Other than a favourable endowment shock by raising the native country's labour supply, reverse migration cause loss of remittances from unsk...
What lowered inflation in India: monetary policy or commodity prices? [0.03%]
是什么降低了印度的通胀：货币政策还是大宗商品价格？
Pulapre Balakrishnan,M Parameswaran
Pulapre Balakrishnan
India has seen lower inflation by historical standards for the past 6 years. This has been attributed to the adoption of inflation targeting by the central bank, the Reserve Bank of India in 2016. In particular, it has been asserted that th...
Swati Dhingra,Fjolla Kondirolli
Swati Dhingra
Evidence shows long-term unemployment (LTU) can have life-long scarring impacts on the future employment and earning prospects of individuals and lead to an overall deterioration in the wellbeing of communities. This article examines long-t...
Nature of employment and outcomes for urban labor: evidence from the latest labor force surveys in India [0.03%]
印度最新劳动力调查的证据：就业状况与城市劳动成果的关系
Devesh Roy,Sunil Saroj,Mamata Pradhan
Devesh Roy
Given its size and level of income, India faces unique challenges in the labor market. In the urban labor force of nearly 100 million, half of the workers engage in regular wage/salaried employment including in short-term contracts, yet a l...