Macro/Finance Group: Papers

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.
An estimated DSGE model of the Indian economy by Vasco Gabriel, Paul Levine, Joseph Pearlman and Bo Yang. NIPFP Working Paper 95, 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.
Civil service and military pensions in India by Renuka Sane and Ajay Shah. NIPFP Working Paper 91, September 2011.
Determinants of trade misinvoicing by Ila Patnaik, Abhijit Sen Gupta, Ajay Shah. [journal] Open Economies Review (forthcoming).
Tracking India growth in real time by Rudrani Bhattacharya, Radhika Pandey and Giovanni Veronese. NIPFP Working Paper 90, July 2011.
Who cares about the Chinese Yuan? by Vimal Balasubramaniam, Ila Patnaik and Ajay Shah. NIPFP Working Paper 89, May 2011.
Has India Emerged? Business Cycle Facts from a Transitioning Economy by Chetan Ghate, Radhika Pandey, and Ila Patnaik. NIPFP Working Paper 88, April 2011.
Did the Indian Capital Controls Work as a Tool of Macroeconomic Policy? by Ila Patnaik and Ajay Shah. NIPFP Working Paper 87, April 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.
Graduating to globalisation: A study of southern multinationals by Dilek Demirbas, Ila Patnaik and Ajay Shah. NIPFP Working Paper 65, February 2010.
Asia confronts the impossible trinity by Ila Patnaik and Ajay Shah. NIPFP Working Paper 64, January 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.
Indian capital control liberalization: Evidence from NDF markets by Michael Hutchison, Jake Kendall, Gurnain Pasricha, Nirvikar Singh. NIPFP Working Paper 60, 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.