Panda P.  , Anjaly B. , Panda B., Mohanty, R. K. (2025). Unconventional and Conventional Monetary Policy Spillovers to Advanced and Emerging Stock Markets. Journal of Emerging Market Finance, 1-26, https://doi.org/10.1177/09726527251408565. 

Behera, D.K., Mohanty, R.K., Rahut, D. et al. (2025). Governance, green taxes, and air pollution in the European Union. Environmental Sciences Europe, Vol. 37, No.186. https://doi.org/10.1186/s12302-025-01231-5. 

Behera, D. K., D. Rahut, B. Sahoo, & R. K. Mohanty. (2025). Air Pollution and Environmental Tax: Exploring the Dynamics in Developed Nations. Environmental and Sustainability Indicators, Vol.27, 100805.  https://doi.org/10.1016/j.indic.2025.100805. 

Mohanty, R. K. (2025). What Drives Public Spending Efficiency in the Energy Sector? Insights From Indian States. Energy RESEARCH LETTERS, 6(Early View). https:/​/​doi.org/​10.46557/​001c.132418 

Behera, C., Mohanty, R. K., Priyadarsini, B. T., and Patnaik, D.  (2025) "Does Climate Change Impacts Output? An Empirical Evidence from Asia Pacific Countries.," Bulletin of Monetary Economics and Banking, Vol. 28: No. 0, pp-123-136. https://doi.org/10.59091/2460-9196.2372. (ABDC Rank: C) 

Mohanty, R. K., Behera, D. K., Agarwal, P., Sahoo, D., & Parida, Y. (2024). Assessing the Fiscal Implications of Flood Disasters in India: Insights for General and Special Category States. Environmental Research Communications, 6, 115014. https://iopscience.iop.org/article/10.1088/2515-7620/ad8e33

Bonwoo Ku, S. Chungkham and R. K. Mohanty. (2024). Using Data Envelopment Analysis (DEA) to determine Investment decision: A case for South Korea and Northeast India. Journal of Computational Analysis and Applications, 33(08), 1708–1722. https://www.eudoxuspress.com/index.php/pub/article/view/1809

Behera, C., Mohanty, R. K., Priyadarsini, B. T., & Patnaik, D. (2024). Nexus between CO2 emission, renewable energy, trade openness and foreign direct investment, and output volatility. Economic Change and Restructuring, 57(5), 155. https://doi.org/10.1007/s10644-024-09736-4.   (ABDC Rank: B)

Bhuyan, B., Mohanty, R.K. & Patra, S (2023). Impact of climate change on food security in India: an evidence from autoregressive distributed lag model. Environment, Development and Sustainability,  https://doi.org/10.1007/s10668-023-04139-3.

Mohanty,  R.K. & D.K. Behera(2023), "Heterogeneity in Health Funding and Disparities in Health Outcome: a Comparison between High focus and Non-high focus States in India. Cost Effectiveness and Resource Allocation, Vol. 21, No.44. https://doi.org/10.1186/s12962-023-00451-x. (ABDC Rank: C) 

Kaur A., R. K. Mohanty, D. Rangan, L. Chakraborty (2023), "Ecological Fiscal Transfers and State-level Budgetary Spending in India: Analysing the Flypaper Effects, Economic & Political Weekly, Vol. 58, No. 14, pp:19-22, https://www.epw.in/journal/2023/14/commentary/ecological-fiscal-transfers%C2%A0and-state-level.html. (ABDC Rank: B)

Sahoo P. K., R. K. Mohanty, H. S. Rout (2023), "Social Security of Mining Workers: Policy Versus Practice", Journal of Human Rights and Social Work, Vol. 8, pp: 57–74.   https://doi.org/10.1007/s41134-022-00226-z . (Published by: Springer)

Mohanty, R.K. & N. R. Bhanumurthy (2021), "Revisiting the role of fiscal policy in determining interest rate in India," Journal of the Asia Pacific Economy, Vol. 26, No. 2, pp: 293-318. https://doi.org/10.1080/13547860.2021.1913811. (ABDC Rank: B).

Mohanty, R.K. (2020), “Fiscal Deficit and Economic Growth Nexus in India: A Simultaneous Error Correction Approach. Journal of Quantitative Economics, Vol. 18, No. 3, pp: 683-707.  https://doi.org/10.1007/s40953-020-00211-1. (ABDC Rank: B).

Mohanty, R. K., S. Panda, (2020), "How Does Public Debt Affect the Indian Macroeconomy? A Structural VAR Approach ”, Margin: The Journal of Applied Economic Research , Vol. 14, No.3 pp: 253-284. (Published by: Sage; ABDC Rank: C) 

Mohanty, R. K. and N. R. Bhanumurthy, (2020),  "Assessing public expenditure efficiency at the subnational level in India: Does governance matter?", Journal of Public Affairs, Vol. 21, No.2, e2173.  https://doi.org/10.1002/pa.2173 . (Published by: Wiley; ABDC Rank: B ).

Mohanty, R.K., Sahoo, B.K., Chaudhury, P.K. (2020), "Assessing the (eco)macroeconomic performance index of India: A data envelopment analysis approach". Journal of Public Affairs,  Vol. 21, No.1, e2122. https://doi.org/10.1002/pa.2122 . (Published by: Wiley; ABDC Rank: B ). 

Mohanty, R. K., S. Panda, B. Bhuyan (2020), "Does Defence Spending and its Composition Affect Economic Growth in India?", Margin: The Journal of Applied Economic Research , Vol. 14, No.1, pp: 62-85. (Published by: Sage; ABDC Rank: C).

Mohanty, R. K. and N. R. Bhanumurthy, (2020),  "Analyzing the Dynamic Relationship between Physical Infrastructure, Financial Development and Economic Growth in India", Asian Economic Journal, Vol. 33, No.4, pp: 381-403. (Published by: Wiley; ABDC Rank: B).

Behera, D.K., R. K. Mohanty, U. Dash, (2020), “Cyclicality of Public Health Expenditure in India: Role of Fiscal Transfer and Domestic Revenue Mobilization”, International Review of Economics,  Vol. 67, No.1, pp: 87-110. https://doi.org/10.1007/s12232-019-00333-w. (Published by: Springer; ABDC Rank: C).

Patra, S. K., R. K. Mohanty, (2020), “Does the Feldstein-Horioka Puzzle Exist among South Asian Countries? A Regime Switching Approach”, Journal of Public Affairs, Vol. 20, No.3, e2061. https://doi.org/10.1002/pa.2061. (Published by: Wiley; ABDC Rank: B).

Mohanty, R.K. (2019) “An Empirical Investigation of Twin Deficits Hypothesis: Evidence from India,” Journal of Quantitative Economics, Vol. 17, No.3, pp: 579-601. (Published by: Springer; ABDC Rank: B).

Choudhury, M., R. K. Mohanty, (2019), “Utilisation, Fund Flows and Public Financial Management under the National Health Mission,” Economic and Political Weekly, Vol. 54, No.8, pp: 49-57. (ABDC Rank: B).

Mohanty, R. K. (2019) “Does Fiscal Deficit Crowd Out Private Corporate Sector Investment In India? The Singapore Economic Review, Vol.64, No.5, pp: 1201-1224. (Published by: World Scientific; ABDC Rank: B).

Choudhury, M., R. K. Mohanty and J. Dubey, (2018), “Impact of the Recommendations of the FFC: Central Transfers and Social Sector Expenditures,” Economic and Political Weekly, Vol. 53, No.10, March 10, pp: 74-78. (ABDC Rank: B).

Panda, S., & R. K. Mohanty, (2015), “Effects of Exchange Rate Volatility on Exports: Evidence from India,” Economics Bulletin, Vol. 35, No. 1, pp: 305-312. (ABDC Rank: C).

 Mohanty, R. K. and A. Barik (2012) “An Empirical Analysis of Public Debt and Economic Growth in India”, Journal of Social Science (North Orissa University), Vol.1, No.1, ISSN: 2319-6017.

Mohanty, R. K. and B. Nayak (2012), “Term Structure of Interest Rates and Fisher Effect in India: An Empirical Analysis,” International Journal of Research in Commerce, Economics and Management (IJRCM), Vol.2, No.9, pp: 149-158. 

Chakraborty, L., Kaur, A., Mohanty, R. K., Rangan, D., & Das, S. (2024). Environmental Federalism in an Emerging Economy: An Empirical Analysis. In: Fiscal Policy and Public Financial Management, edited by Pinaki Chakraborty, K R Shanmugam, Oxford University Press,  pp:237-250. https://doi.org/10.1093/9780198930464.003.0014 

Mohanty, R.K., Bhanumurthy, N.R. (2023). Does Financial Frictions Matter for Monetary Policy Transmission in India?. In: Srivastava, D.K., Shanmugam, K.R. (eds) India’s Contemporary Macroeconomic Themes. India Studies in Business and Economics. Springer, Singapore. https://doi.org/10.1007/978-981-99-5728-6_15

Kaur, A., Mohanty, R.K., Chakraborty, L., Rangan, D. (2023). Ecological Fiscal Transfers and State-Level Budgetary Spending in India: Analyzing the Flypaper Effects. In: Srivastava, D.K., Shanmugam, K.R. (eds) India’s Contemporary Macroeconomic Themes. India Studies in Business and Economics. Springer, Singapore. https://doi.org/10.1007/978-981-99-5728-6_18

Mohanty, R. K., Bhanumurthy, N. R., & Sahoo, B. K. (2023). Analysing public sector efficiency of the Indian States. In Handbook on Public Sector Efficiency by Afonso et al.,  Edward Elgar Publishing, pp: 373-407,ISBN: 9781839109157,  DOI: https://doi.org/10.4337/9781839109164.00026. 

Mohanty R.K. (2018) “Fiscal Deficit and Economic Growth Linkage in India: Impact of FRBM Act”. In: Khan N. (eds) Challenges and Issues in Indian Fiscal Federalism. India Studies in Business and Economics. Springer, Singapore, Pp: 89-105, DOI: https://doi.org/10.1007/978-981-10-6217-9_8. 

Barik, A. K. and R. K. Mohanty, (2015), “Policy Effectiveness under the Conditions of Economy in Transition: An Application to Indian Economy” in Strategic Issues in Business Management and Economics by E Suresh Kumar (ed al) (2015), Paramount Publishing House, New Delhi & Hyderabad, India. pp: 657-670. ISBN: 978-93-82163-83-1. 

Velan, N. and R.K. Mohanty (2015),“Gender-wise Rural-to-Urban Migration in Orissa, India: An Adaptation Strategy to Climate Change” in Inequality and Climate Change Perspectives from the South by G. C. D. Ramos (2015), Council for the Development of Social Science Research In Africa (CODESRIA), Dakar, Senegal. pp: 137-170. ISBN: 978-2-86978-645-5.

Mohanty R.K. (2014) “Interest Rate and Fiscal Deficit Linkage in India: An ARDL Approach” in Indian Financial Markets: Policy, Investments and Stock Markets by H. Kaur & J B Singh ed. (2014), Regal Publication, New Delhi.

Mohanty, R. K. and V. Nirmala, (2011)“Internal Migration and Economic Wellbeing of Rural Households in Odisha; A Case Study of Puri District” in Reinventing Public Management & Development in Emerging Economics by P. Sigamani & N.U. Khan (ed) (2011), Macmillan Publication, New Delhi. 

"COP28 and Environmental Federalism: Empirical Evidence from an Emerging Economy, India" (Lekha Chakraborty, Amandeep Kaur, R. K. Mohanty, Divy Rangan ,Sanjana Das,  The Levy Economics Institute of Bard College Working Paper No. 1040, February 2024. 

"Precedence of Managerial to Technical Efficiency in Longitudinal Performance of Private versus Public Banks in India" (Ramadhar Singh, Biresh K. Sahoo & R. K. Mohanty, Amrut Mody School of Management, Ahmedabad University Working paper (AMSOM-MNO-2023-001), August 2023. 

"Ecological Fiscal Transfers and State-level Budgetary Spending in India: Analysing The Flypaper Effects in India" (Amandeep Kaur, R. K. Mohanty, Lekha Chakraborty, Divy Rangan, The Levy Economics Institute of Bard College Working Paper No. 990, July 2021.

"Ecological Fiscal Transfers and State-level Budgetary Spending in India: Analysing The Flypaper Effects in India" (Amandeep Kaur, R. K. Mohanty, Lekha Chakraborty, Divy Rangan, NIPFP Working Paper No. 332, March 2021.

“Asymmetric Monetary Policy Transmission in India: Does Financial Friction Matter?” (Mohanty, R. K., & Bhanumurthy, N. R.), BASE University Working Paper No. 03/2020), Bengaluru, India. December 2020.

"Role of National Health Mission in Health Spending of States: Achievements and Issues"  (Mita Choudhury and R. K. Mohanty), NIPFP Working Paper No. 317, August 2020.

 “How Effective is Public Health Care Expenditure in Improving Health Outcome?  An Empirical Evidence from the Indian States” (R. K. Mohanty and D. K Behera), NIPFP Working Paper No. 300, March 2020.

“Revisiting the Role of Fiscal Policy in Determining Interest Rates in India” (R. K. Mohanty and N R Bhanumurthy), NIPFP Working Paper No. 296, February 2020.

“How Does Public Debt affect the Indian Macro-economy? A Structural VAR Approach” (R. K. Mohanty and S. Panda), NIPFP Working Paper No. 250, January 2019.

“Analyzing the Dynamic Relationship between Physical Infrastructure, Financial Development and Economic Growth in India” (R. K. Mohanty and N. R. Bhanumurthy), NIPFP Working Paper No. 245, November 2018.

“Utilisation, Fund Flows and Public Financial Management under the National Health Mission” (Mita Choudhury and R. K. Mohanty), NIPFP Working Paper No. 227, May 2018.

“Assessing Public Expenditure Efficiency at Indian States” (R. K. Mohanty and N. R. Bhanumurthy), NIPFP Working Paper No. 225, March 2018.

“Examining the Eco-Macroeconomic Performance Index of India: A Data Envelopment Analysis Approach” (R. K. Mohanty and Biresh K. Sahoo), NIPFP Working Paper No. 202, July 2017.

“Impact of the Recommendations of the 14th FC: Central Transfers and Social Sector Expenditures in the 1st Year” (M. Choudhury, R. K. Mohanty and J. D. Dubey), NIPFP Working Paper No. 183, November 2016. 

Union Budget 2020: Miles to go on the rural road, (with N. R. Bhanumurthy), The New Indian Express, 03/02/2020. 

Q3 GDP indicates recovery in economic activity, (with N. R. Bhanumurthy) Financial Chronicle, 13th March 2018.

Research Report (co-authored with Mita Choudhury) “Financial Aspects of National Health Mission: Impact and Learnings for Future” Report submitted to NITI Aayog (National Institution for Transforming India).