Author: Ashima Goyal and Prashant Parab Title: Qualitative and Quantitative Central Bank Communications and Professional Forecasts: Evidence from India Abstract: We analyze the influence of qualitative and quantitative communications of the Reserve Bank of India on inflation expectations of professional forecasters, and draw out implications for the impact of policy variables on expectations. […]
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Last date for receipt of Online Application form is extended until May 10, 2021
Call for Papers: IGIDR invites submissions of research papers for its 19th Annual Conference on Macroeconomics and Finance
The Online Test scheduled on May 8, 2021 stands postponed. The new date and time will be announced in due course of time.
Capital account liberalisation in a large emerging economy: An analysis of onshore-offshore arbitrage
Author: Nidhi Aggarwal, Sanchit Arora and Rajeswari Sengupta Title: Capital account liberalisation in a large emerging economy: An analysis of onshore-offshore arbitrage Abstract: In this paper, we decipher the openness of India’s capital account by calculating the covered interest parity (CIP) deviations between the onshore-offshore rupee market. India is a […]
The China trade shock and the gender wage gap in India: A district-level analysis
Author: Kajari Saha Title: The China trade shock and the gender wage gap in India: A district-level analysis Abstract: This study provides new evidence on the debate surrounding international trade and the gender wage gap in a developing country context. It asks whether increased competition from trade has any causal […]
Effectiveness of Expectations Channel of Monetary Policy Transmission: Evidence from India
Author: Ashima Goyal and Prashant Parab Title: Effectiveness of Expectations Channel of Monetary Policy Transmission: Evidence from India Abstract: We examine the efficacy of expectations channel of monetary policy transmission in India using survey-based expectations of households and professional forecasters in a Structural Vector Auto Regression (SVAR) framework. To analyse […]
Asymmetry, Terms of Trade and the Aggregate Supply Curve in an Open Economy Model
Author: Ashima Goyal and Abhishek Kumar Title: Asymmetry, Terms of Trade and the Aggregate Supply Curve in an Open Economy Model Abstract: We find a basic new Keynesian monetary policy DSGE model estimated for differing countries (India and the US) gives deep parameter estimates, impulse responses and forecast error variance […]
Spatial Disparities in Household Earnings in India: Role of Urbanization, Sectoral Inequalities, and Rural-Urban Differences
Author: S Chandrasekhar, Karthikeya Naraparaju, Ajay Sharma Title: Spatial Disparities in Household Earnings in India: Role of Urbanization, Sectoral Inequalities, and Rural-Urban Differences Abstract: This paper focuses on spatial disparities in household earnings in rural and urban India. A point of departure from the existing literature on inequality in India […]
Liquidity Management and Monetary Transmission: Empirical Analysis for India
Author: Vikas Charmal and Ashima Goyal Title: Liquidity Management and Monetary Transmission: Empirical Analysis for India Abstract: A change in monetary operating procedures provides a natural experiment we use to evaluate first, whether Indian monetary policy transmission is better when durable liquidity is in surplus or when it is in […]
