My research has a strong interdisciplinary focus and aim to explore how technology, digital intelligence, algorithm, and social science can transform corporates, policy and humanity. My research interest utilizing the above core strength span several topics in Fintech AI, Household finance, Sustainability. I use a data based approach and exploit policy shocks in emerging markets like India, to study the above mentioned topics and its impact on consumer behaviour. The research has implications for business, government agencies and monetary authorities in India. I work closely with them to use the results of my research towards practical implications.
Select Working Paper:
(with M. Bonelli, S. L. Naaraayanan , P, Tak)
Animal Spirits on Steroids: Evidence from Retail Options Trading in India
(V. Agarwal, N. Prabhala, H. Zhao)
(with A. Shashwat, N. Kulkarni, M. Puri)
(With N. Crouzet, A. Gupta, F. Mezzanotti)
(with S. Agarwal, M. Desai, N. Vats)
(with S. Agarwal, A. Shashwat, S. Ghosh , T. Piskorski and A. Seru)
(with L.W. Cong, J Li, Q Ruan)
(with Nishant Vats)
(with Alberto Rossi and Francesco D'Acunto)
(with Harsha Dutta, Arko Sarkar, A., Nishant Vats)
(with S. Agarwal, A. Shashwat, X. Zhang)
(with Sumit Agarwal, Yeow Hwee Chua, and Changcheng Song)
(with Sumit Agarwal, Abhiroop Mukherjee, Lakshmi Narayana)
(with Agarwal, S., Chomsisengphet, S., Song, C., Ruan, T., Zhang, M. )
(with Gupta, A., Ponticelli, J., Tesei )
Under Submission:
(with M. Jacob, Y. Kang, J. Zhang)
Journal of Accounting and Economics (R&R)
Shadow Banks on the Rise: Evidence Across Market Segments
(with N. Vats, N. Kulkarni, K. Cramer)
Journal of Financial Economics (R & R)
Payments, Deposits and Retail CBDC: Evidence from India
(with Di Maggio, M, Ghosh, S. K., Yu, A. )
Journal of Financial Economics (R & R)
Bridging the Gender Gap in Credit Access: The Role of Bank Competition.
(with Huang J., Lin, C., Zhnag J.)
Journal of Financial and Quantitative Analysis (R & R)
When Jane Goes Green and John Stays Put: The Gender Gap in Sustainable Investing
(with Jian Zhang, Jing Li)
Journal of Financial and Quantitative Analysis (R & R)
Mortgages, Subway and Automobiles
(with Sumit Agarwal, Soumya Kanti Ghosh, Yeow Hwee Chua, Liuyang She)
Journal of Public Economics (R & R)
Selected Publications
R. Fishman, P. Ghosh, A. Sarkar, J. Zhang., Dirty Air and Clean Investments: The Impact of Pollution information on ESG investment
Journal of Financial Economics (Accepted)
, S.Agarwal, Ayyagiri, M., Cheng, Y., Ghosh, P., Road to Stock Market Participation
Management Science (Accepted)
Ghosh, P., Valle, B., Zeng, Y. Fintech lending and Cashless Payments.
Journal of Finance (Forthcoming)
Chu, J., Yang, S., Lu, W., Ghosh, P. Efficient Causal Decision Making with One-sided Feedback [Link ]
ICLR 2025 Conference (accepted)
T. Hong, Yang, S., W, Lu., P. Ghosh, Multivariate Zero-Inflated Causal Model for Regional Mobility Restriction Effects on Consumer Spending
Journal of Causal Inference (Accepted)
Agarwal, S., Ghosh, P., Liu, L Do sanitary pads alleviate period poverty and improve girl's educational outcomes?
The Review of Economics and Statistics ( Accepted)
Agarwal, S., Ghosh, P, , Jian, J. Tax Policy Transmission and Household Expenditures
The Review of Economics and Statistics (Accepted)
Francesco D'Acunto, Pulak Ghosh, Alberto Rossi, How Costly are Cultural Biases? Evidence from Fintech,
Journal of financial Economics (Accepted)
Agarwal S, Ghosh, P., Gupta, S, Shashwat, A, Financial Inclusion and Alternate Credit Scoring: Role of Big Data and Machine Learning in Fintech.
Journal of Money, Credit and Banking (Accepted)
Garima Sharma, Shreya Tandon, Lisa Ho, Pulak Ghosh and Stephanie Hao., Are Some Firms Better for Women’s Careers?
American Economic Review – Papers and Proceedings, 2025, 115: 232–237
Sumit Agarwal, Arzi Abdi, Pulak Ghosh., Urban Noise Pollution and Learning in Developing Economies
Nature Cities, 2025
Agarwal, S., Ghosh, P., Li, J., Ruan , T. Digital Payments and Consumption: Evidence from the 2016 Demonetization in India.
Review of Financial Studies , 2024, 2550-2585
Agarwal, S., Ghosh, P., Ruan , T., Zhang, Y., Transient Customer Response to Data Breaches of Their Information
Management Science, 2024, 4105-4114
Agarwal, S. Ghosh, P., Zheng, H. Consumption Response to a Natural Disaster: Evidence of Price and Income Shocks from Chennai Flood
Energy Economics, 2024, 107323
Chen, H., Lu, W., Song, R., Ghosh, P., On Learning and Testing of Counterfactual Fairness through Data Preprocessing.
Journal of the American Statistical Association , 2024, 1286-1296
Agarwal, S., Ghosh, P., Zhan, C. Fat tax, food consumption, and health outcome: analysis of large-scale bank data in India. JAMA Network, 2023
Garg, S., Ghosh, P. Tan. B. Vertical Integration and Supply chains,
Journal of International Economics, 2023
Mukherjee, A., Panayotov, G., Sen, R., Dutta H., Ghosh, P., Measuring vaccine effectiveness from limited public health records in data-deficient countries: Framework and estimates from India's second COVID-19 wave,
Science Advances. Vol 8 Issue 18, May 2022
Yu, M., Lu, W., Yang, S., Ghosh, P. Multiplicative Structural Nested Mean Model for Zero-inated Outcomes
Biometrika; 2022, 110(2), 519-536.
Das, K., Ghosh, P., and Daniels, M. A Semiparametric Bayesian Approach for the analysis of longitudinal data from multiple time-varying related groups.
Journal of the American Statistical Association , 2021, 116, 558-568.
Brown, S., Ghosh, P, Pareek, B., Taylor, K. The protective role of saving: Bayesian analysis of British panel data,
Journal of Empirical Finance, 2021, 63, 57-72.
Brown, S., Ghosh, P., Gray, D., Pareek, B., and Roberts. Saving Behaviour & Biomarkers: A High-Dimensional Bayesian Analysis of British Panel Data,
The European Journal of Finance, 2021, 27, 1581-1603.
Banerjee, T, Mukherjee, G., Dutta, S., and Ghosh, P, A Large-scale Constrained Joint Modeling Approach For Predicting User Activity, Engagement and Churn with Application To Freemium Mobile Games.
Journal of the American Statistical Association, 2020, 115, 538-554.
Pareek, B., Liu, Q., Ghosh, P. Ask Your Doctor if This Product is Right for You: A Bayesian Zero Inflated Multinomial Joint Model for Drug Requests and Physicians’ Prescriptions
Journal of Royal Statistical Society: Series A, 2019, 182, 197-223.
Pareek, B, Liu, Q., Ghosh, P., Ask Your Doctor if This Product is Right for You: A Bayesian Zero Inflated Multinomial Joint Model for Drug Requests and Physicians' Prescriptions.
Journal of the Royal Statistical Society: Series A, 2019, 182 (1), 197-223.
Pareek, B, Ghosh, P., Wilson, H., Macdonalds, E., Real-Time Consumer Experience Tracking and the Dynamics of Brand Choice: An Application to the UK General Elections.
Journal of the American Statistical Association , 2018, 113, 1457-1475.
Arnab Mukherji, Satrajit Roychowdhury, Sarah Brown., A Bayesian Joint Model for Hospitalization and Out-of-Pocket Expenditures with Application to Aging Population
Journal of Applied Econometrics, 2016, 31, 1140-1158.
Sriram, K., Shi, P., ghosh, P. Insurance Production Costs: An Examination Using a Bayesian Semiparametric Quantile Regression
Journal of Royal Statistical Society: Series A, 2016, 177-202.
Voleti, S., Kopalle, P., Ghosh, P. A Dynamic Measure of Attribute Based Inter-Product Competition: An Application to the Category Profit Maximization Problem
Management Science , 2015, 2720-2738.
Hong, G., Yue, R. Y., Ghosh, P. Bayesian Estimation of Long-Term Health Consequences of Obese and Normal-Weight Elderly
Journal of Royal Statistical Society: Series A, 2015, 178, 725-740.
G. Durham, J. Geweke, Ghosh, Pulak. A note on Consistent estimation of a dynamic jump intensity model with implications for option pricing
Journal of Financial Economics, 2015, 115, 210-214.
Voleti, S. Ghosh, P. A non-parametric model of residual brand equity in hierarchical branding structures with application to US beer data
Journal of the Royal Statistical Society: Series A, 2014, 177, 135–152.
Wai, M. Tu, W, Ghosh, P., Tiwari, R. A Nested Dirichlet Process Analysis of Cluster Randomized Trial Data with Application in Geriatric Care Assessment.
Journal of the American Statistical Association, 2013, 108, 48–68.
Neelon, b., Loebs, P., Ghosh, PA Spatial Poisson Hurdle Model for Exploring Geographic Variation in Emergency Department Visits
Journal of the Royal Statistical Society: Series A, 2012, 176 (2), 389–413.
Park, Y. H., Park, C., Ghosh, P. Modeling Member Behaviors in User-Generated Content Sites: A Semiparametric Bayesian Approach
Journal of the Royal Statistical Society: Series A, 2011, 1051-1069.
Lachos, V., Arellano-Valle, r. B., Ghosh, P. Likelihood based inference for skew-normal independent linear mixed models
Statistica Sinica, 2010, 20, 303-322.
Ghosh, P., Basu, S., Tiwari, R. C. Bayesian Analysis of Cancer Rates from SEER Program Using Parametric and Semiparametric Joinpoint Regression Models
Journal of the American Statistical Association, 2009, 104, 439-452.