NO : WP-2024-005 AUTHOR : D.M.NACHANE TITLE : STABILIZTION POLICY OPTIONS IN A “LOWER AND LONGER” (L&L) INTEREST RATES ENVIRONMENT ABSTRACT : During episodes of severe depression, interest rates can approach the zero lower bound (ZLB) and stay there for a fairly long time. Mainstream macroeconomic theory (the so-called New Consensus Economics) then […]
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Privacy Regulation, Cognitive Ability, and Stability of Collusion
NO : WP-2024-004 AUTHOR : Rupayan Pal and Sumit Shrivastav TITLE : Privacy Regulation, Cognitive Ability, and Stability of Collusion ABSTRACT : This article analyzes implications of privacy regulation on stability of tacit collusion. It shows that privacy regulation is likely to hurt consumers’ economic benefits, through its competition dampening effect. A more […]
Cross-ownership in duopoly: Are there any incentives to divest?
NO : WP-2024-003 AUTHOR : Rupayan Pal and Emmanuel Petrakis TITLE : Cross-ownership in duopoly: Are there any incentives to divest? ABSTRACT : This paper shows that in a duopoly a firm has no incentives to divest its passive shares in its rival when firms’ strategies are strategic complements. This holds independently whether […]
Policy Alternatives for Accelerating Health & Educational Attainments of Children in India: An Analysis using Computable General Equilibrium Model
NO : WP-2024-002 AUTHOR : Runu Bhakta and A. Ganesh-Kumar TITLE : Policy Alternatives for Accelerating Health & Educational Attainments of Children in India: An Analysis using Computable General Equilibrium Model ABSTRACT : Assessing the impact of alternative policy options on developmental goals relating to health and education remains an analytical challenge due […]
A new mechanism for trade agreements to revitalize the Global Value Chains
NO : WP-2024-001 AUTHOR : Himanshu Jaiswal & A. Ganesh-Kumar TITLE : A new mechanism for trade agreements to revitalize the Global Value Chains ABSTRACT : The import tariff system has made a harmful dent on the global trading system. To avoid this, many countries have chosen the second-best option- ‘an FTA’; because […]
