Macro-Economic Policy

Open Economy Macro in an Emerging Market Economy: Developing and executing Macro policy with underdeveloped and fragmented financial markets, Partially open capital account and Current account deficits. Tax Reform and Government Expenditure:

1. Lockdown Economics: Pandemic Fiscal Policy, EGROW Policy paper No. 3, Foundation for economic growth and Welfare, May 2020. https://egrowfoundation.org/research/lockdown-economics-fiscal-policy-during-pandemic-crises/, or Policy Paper No 03 2020 c.docx
2. Macroeconomics of Crises, EGROW Policy Paper No 2, Foundation For Economic Growth and Welfare (EGROW), March 2020. https://egrowfoundation.org/research/macroeconomics-of-crisis/ , or https://MacroEconomics of Crises and Epidemics .
3. Policy and Institutional Reforms in Budget 2015-16, Policy Paper No. WsPP 2/2015, New Delhi, March 2015.Budget2015-6rfrm15mar01.docx
4. Budget 2015-16: Some Suggestions, Policy Paper No. WsPP 1/2015, New Delhi, January 2015. Budget2015-16AVrev2.docx .
5. "Macro-Management of Capital Flows," Lecture given at IIM Bangalore, October 4th, 2013. http://www.iimb.ernet.in/node/3960.
1. “Macro-economic management of the Indian Economy: Capital flows, interest rates and inflation,” Macroeconomics and Finance in Emerging Market Economies,Vol. 2, No. 2, September 2009, pp 189-214.
2. “Macro-economic Management of Indian Economy: Capital Flows, Interest Rates and Inflation, Working paper No. 2/2007-DEA, Ministry of Finance, November 2007. http://finmin.nic.in/WorkingPaper/index.html.
3. “Planning for Results: Public Accountability Information System,” Working Paper No. 1/2007-PC, Planning Commission, March 2007. http://planningcommission.nic.in/reports/wrkpapers/rpwpf.htm.
4. “Lessons Of Government Failure: Public Goods Provision And Quality of Public Investment,” Working Paper No. 2/2006-PC, Planning Commission, February 2006. http://planningcommission.nic.in/reports/wrkpapers/rpwpf.htm.
5. “Impact of Tariff Reforms on Indian Industry: Assessment Based on a Multi-Sector Econometric Model,” Working Paper No. 135, ICRIER, June 2004;(with Bishwanath Goldar, Choorikkad Veeramani and Vipul Bhatt). http://www.icrier.org/page.asp?MenuID=24&SubCatId=175&SubSubCatId=233.
6. "India’s External Reforms: Modest Globalisation Significant Gains," Economic and Political Weekly, Vol. XXXVII No. 32, August 9-15, 2003, pp. 3373-3390.
7. "Towards a Competitive Economy: VAT and Customs Duty Reform," Planning Commission Working Paper No. 4/2002-PC, April 2002. http://www.planningcommission.nic.in/reports/wrkpapers/wp_vat.pdf .
8. Central Value Added Tax: CENVAT, Economic and Political Weekly, Vol. XXXVI No. 8, February 24-March 2, 2001, pp. 630-632.[i]
9. India’s 1990-91 Crisis: Reforms, Myths and Paradoxes, Planning Commission Working Paper No. 4/2001-PC, December 2001. http://www.planningcommission.nic.in/reports/wrkpapers/wp_cris9091.pdf.
10. India: Crises Reform and Growth, Economic and Political Weekly, Volume XXXII, No. 32, August 9-15, 1997, pp. 2064-2068.
11. Partial Convertibility of the Rupee (PCR) Implications for Exporters, RBI Bulletin, August 1992, pp. 1300-2.
    1. Trends in Current Account Deficit and the Balance of Trade: Separating Facts From Prejudices, Journal of Foreign Exchange and International Finance, Vol. VI, No. 1, April-June 1992, pp. 72-78.
12. Demand and Supply Factors in India's Trade, Economic and Political Weekly, Vol. XXVI, No.6, February 9, 1991.[iii]
13. Size and Role of Government: Quality vs. Quantity of Intervention, Indian Economic Journal, Vol. 37, No. 4, April-June 1990.[iv]
14. International Trade and Balance of Payments, in Eighth Plan Perspectives (editor) M S Adiseshiah, Lancer International, Delhi, 1990.