• Testing the Friedman-Schwartz hypothesis using time varying correlation 

  Ghosh, Taniya; Parab, Prashant (2019-01)

  This study analyses the time varying correlation of money and output using the DCC GARCH model for the Euro, India, Poland, the UK and the US. Apart from simple sum money, this model uses Divisia monetary aggregate, which ...
• Signaling through Public Antitrust Enforcement: A Generalization 

  Ganguly, Madhuparna; Pal, Rupayan (2018-04)

  This note shows that the argument of Šaljanin(2017) [Šaljanin, 2017. “Signaling through public antitrust enforcement―, Economics Letters 169, 4 - 6] that public antitrust enforcement complements private investment ...
• Picking the winner: Measuring urban sustainability in India 

  Reddy, B. Sudhakara; Tiwari, Arpit (2016-07)

  This study provides a snapshot of the sustainability of selected Indian cities by employing 57 indicators in four dimensions to develop an overall city sustainability index. In recent years, its complexity has made 'urban ...
• Network externalities and process R&D: A Cournot-Bertrand comparison 

  Naskar, Mili; Pal, Rupayan (2016-07)

  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 on process ...
• From participation to repurchase: Low income households and micro-insurance 

  Sane, Renuka; Thomas, Susan (2016-07)

  The paper asks what drives insurance coverage in low income households by analysing repurchase patterns of micro-insurance policies. We use data on customers of a financial services provider from three states in India ...
• Evolution of the insolvency framework for non-financial firms in India 

  Sengupta, Rajeswari; Sharma, Anjali; Thomas, Susan (2016-06)

  The current Indian framework for corporate insolvency resolution, is fraught with deficiencies in the laws, their procedures, their implementation as well as in the capacity of the institutions supporting them. The absence ...
• Honor and stigma in mechanisms for environmental protection 

  Banerjee, Prasenjit; Pal, Rupayan; Shogren, Jason F (2016-05)

  Honor and stigma play a role in environmental protection. Environmental honors are bestowed on people and firms who go out of their way to do right by the environment. Similarly, environmental stigma is put on people or ...
• Economic dynamics and technology diffusion in Indian power sector 

  Reddy, B Sudhakara (2016-05)

  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 ...
• Oil price, exchange rate and the Indian macro economy 

  Ghosh, Taniya (2016-05-16)

  The general discussions on the Indian macro economy have centered on two things in the recent past: how will the economy be impacted by falling value (depreciation) of rupee and the effects of falling world oil prices. ...
• Bank ownership, board characteristics and performance: Evidence from commercial banks in India 

  Sarkar, Jayati; Sarkar, Subrata (2016-05)

  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 we examine the importance of board size and ...
• Compliance in letter and compliance in spirit? - Evidence from board and audit committee meetings in India 

  Sarkar, Subrata (2016-05)

  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 49 corporate governance regulations. The analysis ...
• Social and economic impact analysis of Vadinar refinery of Essar oil: The case of a mega refinery 

  Chaudhuri, Sumana; Ray, Shovan (2016-04)

  The paper is a case study of Vadinar refinery in Gujarat. It examines the costs and benefits associated with one of the world’s mega refinery projects highlighting the welfare impacts on society. The paper briefly examines ...
• Tacit collusion and market concentration under network effects 

  Pal, Rupayan; Scrimitore, Marcella (2016-04)

  In an infinitely repeated Cournot game with trigger strategy punishment, we demonstrate that the relationship between market concentration and collusion sustainability depends on the strength of network externalities. ...
• Economic reforms, poverty and inequality 

  Mahendra Dev, S (2016-03)

  It is going to be 25 years since India embarked on big-bang economic reforms in 1991. What are the achievements in terms of growth and inclusive growth in the post-reform period? What are the issues in poverty measurement? ...
• Monetary transmission in developing countries: Evidence from India 

  Mishra, Prachi; Montiel, Peter; Sengupta, Rajeswari (2016-03)

  There are strong a priori reasons to believe that monetary transmission may be weaker and less reliable in low- than in high-income countries. This is as true in India as it is elsewhere. While its floating exchange rate ...
• Size dependent tax incentives, threshold effects and horizontal subcontracting in Indian manufacturing: Evidence from factory and firm-level panel data sets 

  Ramaswamy, K V (2016-02)

  India's industrial protection and promotion policies for small-scale enterprises have figured prominently in the literature on industrialization policies in developing countries. These size dependent tax incentives could ...
• Towards a tribunal services agency 

  Datta, Pratik (2016-02)

  The performance of Indian tribunals has been unsatisfactory. Yet, policy-makers continue to rely heavily on tribunals to achieve their end objective. One example of this are the tribunals which will adjudicate in the ...
• Distortions in land markets and their implications to credit generation in India 

  Krishnan, K P; Panchapagesan, Venkatesh; Venkataraman, Madalasa (2016-02)

  Land and buildings are a preferred collateral for lenders in India due to its ease of valuation and disposal in the event of default. Yet several distortions afflict Indian land markets that make this exercise non-trivial. ...
• Dynamic stochastic general equilibrium (DSGE) modelling 

  Nachane, Dilip M (2016-01)

  In recent years DSGE (dynamic stochastic general equilibrium) models have come to play an increasing role in central banks, as an aid in the formulation of monetary policy (and increasingly after the global crisis, for ...
• Small world of inter-firm network and firm's acquisition behaviour 

  Biswas, Shreya (2016-01)

  This study finds that the inter-firm network in India on account of director interlocks is a small world and the network has become more integrated since the introduction of corporate governance regulations in the country. ...

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