Macro/Finance Group: Papers

Legislative strategy for setting up an independent debt management agency by Radhika Pandey and Ila Patnaik.NUJS Law Review, Volume 10, Issue 3, 2017.
Misled and Mis-sold: Financial Misbehaviour in Retail Banks? by Monika Halan and Renuka Sane. Journal of Comparative Economics (Forthcoming), 2017.
Dating business cycles in India by Radhika Pandey, Ila Patnaik and Ajay Shah. Indian Growth and Development Review, Volume 10, Issue 1, 2017.
Understanding Judicial Delays in Debt Tribunals by Prasanth V. Regy and Shubho Roy. NIPFP Working Paper 195, May 2017.
An exchange market pressure measure for cross country analysis by Ila Patnaik, Joshua Felman and Ajay Shah.Journal of International Money and Finance, Volume 73, Part A, Pages 62–77, May 2017.
Competition issues in India's online economy by Smriti Parsheera, Ajay Shah and Avirup Bose. NIPFP Working Paper 194, March 2017.
Judicial Review and Money Bills by Pratik Datta, Shefali Malhotra and Shivangi Tyagi. NUJS Law Review, Volume 10, Issue 2, 2017.
Towards a privacy framework for India in the age of the internet by Vrinda Bhandari and Renuka Sane. NIPFP Working Paper 179, October 2016.
UIDAI's Public Policy Innovations by Ram Sewak Sharma. NIPFP Working Paper 176, September 2016.
Some areas of concern about Indian Manufacturing Sector GDP estimation by Amey Sapre and Pramod Sinha. NIPFP Working Paper 172, August 2016.
Where is India's growth headed? by Ila Patnaik and Madhavi Pundit. India Review, Volume 15, Issue 3, Pages 332-358, August 15, 2016.
The State in Business and the Business of Regulation by Bhargavi Zaveri. Economic & Political Weekly, Vol. 51, Issue No. 31, July 30, 2016
Motivations for capital controls and their effectiveness by Radhika Pandey, Gurnain K. Pasricha, Ila Patnaik and Ajay Shah. NIPFP Working Paper 168, April 2016.
Foreign Currency Borrowing by Indian Firms: Towards a New Policy Framework by Ila Patnaik, Ajay Shah and Nirvikar Singh. India Policy Forum, Volume 12, Page 139-174, 2015-2016.
Towards a Tribunal Services Agency by Pratik Datta. FRG Working Paper, February, 2016.
Seasonal adjustment of Indian macroeconomic time-series by Rudrani Bhattacharya, Radhika Pandey, Ila Patnaik and Ajay Shah. NIPFP Working Paper 160, January 2016.
The Depository Receipts Scheme, 2014: Lessons In Policy Implementation by Pratik Datta. 1 NLS Bus. L. Rev. 93 (2015).
Framework for public issuance of convertible securities: by Bhargavi Zaveri, Shivangi Tyagi, Shefali Malhotra, Radhika Pandey and Anushree Das. Response to SEBI Discussion Paper, December 2015.
Exit Offer to Dissenting Shareholders: by Bhargavi Zaveri, Shefali Malhotra, Sumant Prashant and Prateek Mishra. Response to SEBI Discussion Paper, December 2015.
Intermediaries as arbitrageurs: Revisiting the motivations behind overseas listing by Pratik Datta. 6(2) Jindal Global Law Review 193-205 (2015).
Financial inclusion, productivity shocks and consumption volatility in emerging economies by Rudrani Bhattacharya and Ila Patnaik. World Bank Economic Review, doi: 10.1093/wber/lhv029, Pages 1-31, June 2015.
Fundamental redesign of financial law: The Indian approach by Ila Patnaik and Ajay Shah. India Review, Volume 14, Issue 1, Pages 91-110, March 2015.
Motivations for Capital Controls and their Effectiveness by Radhika Pandey, Gurnain K. Pasricha, Ila Patnaik and Ajay Shah. Bank of Canada Working Paper, February 2015.
Amendments by Stealth: MCA Resurrects Henry VIII's Legacy by Pratik Datta. Economic and Political Weekly. Volume XLIX, No 52, December 2014.
India: Democracy and Economic Growth by Ila Patnaik. The Democratic Alternative from the South, Legatum Institute, May, 2014.
Monetary policy analysis in an inflation targeting framework in emerging economies: The case of India by Rudrani Bhattacharya and Ila Patnaik. NIPFP Working Paper 131, February 2014.
Reforming India’s Financial System by Ila Patnaik and Ajay Shah. Carnegie Endowment for International Peace, January 2014.
Legal framework for the parliamentary oversight of the executive in India by Anirudh Burman. NUJS Law Review, Volume 6, Issue No. 3, 2013.
Foreign investment in the Indian Government bond market by Ila Patnaik, Sarat Malik, Radhika Pandey and Prateek. NIPFP Working Paper 126, September 2013.
The investment technology of foreign and domestic institutional investors in an emerging market by Ila Patnaik and Ajay Shah. Journal of International Money and Finance, Volume 39, Page 65-88, December 2013.
Graduating to globalisation: A study of southern multinationals by Dilek Demirbas, Ila Patnaik and Ajay Shah. Indian Growth and Development Review, Volume 6, Issue 2, Page 242-259, 2013.
Foreign Investors under Stress: Evidence from India by Ila Patnaik, Ajay Shah and Nirvikar Singh. International Finance, Volume 16, Issue 2, Page 213-244, September 2013.
Credit constraints, productivity shocks and consumption volatility in emerging economies by Rudrani Bhattacharya and Ila Patnaik. NIPFP Working Paper 121, March 2013.
Emerging economy business cycles: Financial integration and terms of trade shocks by Rudrani Bhattacharya, Ila Patnaik and Madhavi Pundit. NIPFP Working Paper 120, March 2013.
Has India Emerged? Business Cycle Facts from a Transitioning Economy by Chetan Ghate, Radhika Pandey and Ila Patnaik. Structural Change and Economic Dynamics, Volume 24, Page 157-172, March 2013.
A cost-benefit analysis of Aadhaar by National Institute of Public Finance and Policy, November 2012.
Determinants of Trade Misinvoicing by Ila Patnaik, Abhijit Sen Gupta and Ajay Shah. Open Economies Review, Volume 23, Issue 5, Page 891-910, November 2012.
Effectiveness of Capital Controls in India: Evidence from the Offshore NDF Market by Michael Hutchison, Gurnain Pasricha and Nirvikar Singh. IMF Economic Review, Volume 60, Issue 3, pages 395-438, September 2012.
Did the Indian Capital Controls Work as a Tool of Macroeconomic Policy? by Ila Patnaik and Ajay Shah. IMF Economic Review, Volume 60, Issue 3, Page 439-464, September 2012.
New Thinking on Corporate Bond Market in India by Sanjay Banerji, Krishna Gangopadhyay, Ila Patnaik and Ajay Shah. NIPFP Working Paper 106, September 2012.
Monetary policy in an uncertain world: Probability models and the design of robust monetary rules by Paul Levine. [journal] Indian Growth and Development Review, Volume 5 Issue 1, Pages 70-88, April 2012.
An estimated DSGE model of the Indian economy by Vasco Gabriel, Paul Levine, Joseph Pearlman and Bo Yang. Chapter 29 in The Oxford Handbook of the Indian Economy, edited by Chetan Ghate, Oxford Handbooks in Economics, March 2012.
Asia confronts the impossible trinity by Ila Patnaik and Ajay Shah. Chapter 7 in Monetary and currency policy management in Asia: Implications of the global financial crisis, edited by Masahiro Kawai, Peter J. Morgan and Shinji Takagi, Edward Elgar Publishing, February 2012.
Export versus FDI in services by Rudrani Bhattacharya, Ila Patnaik and Ajay Shah. [journal] The World Economy, Volume 35, Issue 1, pages 61-78, January 2012.
Monetary and fiscal policy in the presence of informal labour markets by Nicoletta Batini, Paul Levine, Emanuela Lotti and Bo Yang. NIPFP Working Paper 97, November 2011.
Monetary and fiscal policy in a DSGE model of India by Paul Levine and Joseph Pearlman. NIPFP Working Paper 96, November 2011.
Informal labour and credit markets: A survey by Nicoletta Batini, Young-Bae Kim, Paul Levine and Emanuela Lotti. NIPFP Working Paper 94, November 2011.
Tracking India growth in real time by Rudrani Bhattacharya, Radhika Pandey and Giovanni Veronese. NIPFP Working Paper 90, July 2011.
Civil service and military pensions in India by Renuka Sane and Ajay Shah. Chapter 4, Page 73-93 in Reforming pensions for civil and military servants, edited by Noriyuki Takayama, Maruzen Publishing, June 2011.
Who cares about the Chinese Yuan? by Vimal Balasubramaniam, Ila Patnaik and Ajay Shah. NIPFP Working Paper 89, May 2011.
How to Measure Inflation in India? by Ila Patnaik, Ajay Shah and Giovanni Veronese. [journal] [journal pdf, personal use only] Economic and Political Weekly, XLVI(16):55-64, April 2011
Indian Social Democracy: The Resource Perspective by Vijay Kelkar and Ajay Shah. NIPFP Working Paper 82, February 2011.
Reforming the Indian financial system by Ajay Shah and Ila Patnaik. NIPFP Working Paper 80, January 2011.
India's financial globalisation by Ajay Shah and Ila Patnaik. Chapter titled "India" in Encyclopedia of Financial Globalization, edited by Gerard Caprio, Elsevier, 2011 (forthcoming).
Monetary policy transmission in an emerging market setting by Rudrani Bhattacharya, Ila Patnaik and Ajay Shah. NIPFP Working Paper 78, January 2011.
Managing capital flows: The case of India by Ajay Shah and Ila Patnaik. Chapter 9, page 260--279 in Managing capital flows: The search for a framework, edited by Masahiro Kawai and Mario B. Lamberte, Edward Elgar Publishing, 2011.
Foreign shareholding: A decomposition analysis by Ajay Shah and Ila Patnaik. [journal] Applied Financial Economics, Volume 21, Issue 10, First published 2011, Pages 743-746.
Monetary policy in an uncertain world: Probability models and the design of robust monetary rules by Paul Levine. NIPFP Working Paper 72, July 2010.
Understanding the ADR premium under market segmentation by Matthieu Stigler, Ajay Shah and Ila Patnaik. NIPFP Working Paper 71, July 2010.
A floating versus managed exchange rate regime in a DSGE Model of India by Nicoletta Batini, Vasco Gabriel, Paul Levine and Joseph Pearlman. NIPFP Working Paper 70, July 2010.
The exchange rate regime in Asia: From crisis to crisis by Ila Patnaik, Ajay Shah, Anmol Sethy and Vimal Balasubramaniam. [journal] [journal pdf, personal use only] International Review of Economics and Finance, page 32-43, 20(1), January 2011.
Stabilising the Indian business cycle by Ajay Shah and Ila Patnaik. Chapter 6, page 137--154 in India on the Growth Turnpike: Essays in honour of Vijay L. Kelkar edited by Sameer Kochhar, Academic Foundation, 2010.
Testing, monitoring, and dating structural changes in exchange rate regimes by Achim Zeileis, Ajay Shah, Ila Patnaik. [journal] Computational Statistics & Data Analysis, page 1696-1706, 54(6), June 2010.
Does the currency regime shape unhedged currency exposure? by Ila Patnaik, Ajay Shah. [journal] [journal pdf, personal use only] Journal of International Money and Finance, page 760-769, 29(5), September 2010.
Why India choked when Lehman broke by Ila Patnaik, Ajay Shah. India Policy Forum, page 39--73, volume 6, 2009-10.
Examining the decoupling hypothesis for India by Shruthi Jayaram, Ila Patnaik, Ajay Shah. [journal] [journal pdf, personal use only] Economic and Political Weekly, XLIV(44):109-116, October 2009
The difficulties of the Chinese and Indian exchange rate regimes by Ila Patnaik, Ajay Shah. European Journal of Comparative Economics, page 157--173, 6(1), June 2009.
Early warnings of inflation in India by Rudrani Bhattacharya, Ila Patnaik, Ajay Shah. [journal] [journal pdf, personal use only] Economic and Political Weekly, November 2008.
New issues in macroeconomic policy by Ajay Shah. Chapter 2, page 26--54 in Business Standard India edited by T. N. Ninan, Business Standard Books, 2008.
India's currency regime and its consequences, by Ila Patnaik. [journal] [journal pdf, personal use only] Economic and Political Weekly, March 2007.