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Individuals’ Social Concern, Externalities and Voluntary Vaccination: Monopoly and First-Best Public Policy

NO : WP-2024-023 AUTHOR : Sumana Kundu and Rupayan Pal TITLE :  Individuals’ Social Concern, Externalities and Voluntary Vaccination: Monopoly and First-Best Public Policy Abstract This paper studies the role of individuals’ social concern in a monopoly vaccine market characterized by externalities, and the first-best public policy. Considering a voluntary vaccination environment and […]

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The journey of inflation targeting in India

NO : WP-2024-022 AUTHOR : Radhika Pandey, Ila Patnaik and Rajeswari Sengupta TITLE :  The journey of inflation targeting in India ABSTRACT : It has been eight years since India adopted the inflation targeting (IT) framework for its monetary policy. In this paper we present a comprehensive analysis of the IT regime, addressing […]

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Weather shocks, economic growth and damage function for India: A varying coefficient semi-parametric approach

NO : WP-2024-021 AUTHOR : Pratik Thakkar and Kausik Gangopadhyay TITLE :  Weather shocks, economic growth and damage function for India: A varying coefficient semi-parametric approach Abstract Weather shocks associated with global climate change engender substantial damages, in the order of multi-billion dollars annually, to the Indian economy. Using data from 33 states […]

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