Research work in economics with a focus on India.
European Central Bank conducted a contest seeking proposals for future banknotes. The report of the contest is here The 10 shortlisted proposals are here. Really fascinating to read how artists/designers think through what should feature on the currency notes.…
Sarah Hunter, Assistant Governor (Economic) of RBA discusses supply shocks and their impact on monetary policy in this speech: In short, supply or relative price shocks can create a trade-off for monetary policymakers if they are likely to have a persistent im…
Matthew Wells writes about history of Bank of North America: Hamilton is credited as the architect of the postrevolutionary U.S. financial system that allowed the country to not just survive but grow and prosper. In 1790 and 1791, he led the effort to charter…
A Teacher Writes to Students Series (73): Hating Politics Annavajhula J C Bose, PhD Former Professor, Department of Economics, SRCC, DU Suppose you are afflicted with political disaffection and you are wondering why there is expanded social reproduction of bad…
Noah Smith writes on the worst monsters of the 20th and 21st century: Let’s take a break from discussing the insanity of American politics, the tragedy of British economic mismanagement, and other weighty topics, and talk about something fun and light. Who was…
Iñaki Aldasoro, Raphael Auer, Jon Frost and Fernando Perez-Cruz discuss the recent Mythos case in BIS bulletin: Among the most notable capabilities of frontier artificial intelligence (AI) models is their capacity to find vulnerabilities in software and hardwa…
One is at loss of words to see the scenes in Delhi where children are being beaten by the State machinery. This is a new low in world history of State-driven violence where the State crosses all boundaries and shows its true colors. Violence against fellow bei…
António Guterres, Secretary-General of the United Nations, had set up an independent High-level Expert Group on Beyond GDP. The report was released in May 2026. Gross domestic product (GDP) measures economic output but does not fully capture what counts – well…
Jonathan Hartley and Morris Kleiner in this voxeu post: Occupational licensing has attracted growing attention in advanced economies, yet little has been known about its prevalence outside the US. This column presents new evidence from 44 countries using natio…
Shruti Jagrad of CSEP has written this interesting paper on Chinese think-tanks which have grown significantly: This paper examines the evolution of Chinese think tank ecosystem under Xi Jinping and the implications for India’s engagement with them. While thin…
Book Review: Good and Evil & Ricardo’s Dream Tomas Sedlacek. 2011. Economics of Good and Evil: The Quest for Economic Meaning from Gilgamesh to Wall Street. Oxford University Press & Nat Dyer. 2025. Ricardo’s Dream: How Economists Forgot the Real World and Led…
From visual capitalist: Academic freedom reflects the ability of universities and scholars to research, teach, publish, and exchange ideas without political interference. Using data from the V-Dem Institute via Our World in Data, this graphic ranks countries b…
Beatrice Weder di Mauro in this voxeu post discusses how AI will change future of economic research going ahead Globalisation has changed economic research profoundly, making it more comparable, more competitive, and thoroughly quantitative. This column argues…
Istvan Mak and Etienne Vaccaro-Grange in this IMF note discuss gold in central bank reserves (why IMF has so many research paper series?): Gold has re-emerged as a prominent component of central bank reserves, largely reflecting valuation gains from higher gol…
Business Standard analyses the GDP per capita of India’s States and discusses the trend in this video. Sikkim continues to lead India in per capita income, while Bihar remains the poorest state. The gap between the two is now nearly tenfold. So, why has this d…
Sergio Correia, Stephan Luck, and Emil Verner on the NY Fed economics blog: Banking crises are commonly associated with bank runs and banking panics, yet our empirical understanding of bank runs is constrained by a lack of bank-level data. In a new paper, we u…
Cyril Morong on his Dangerous economist blog discusses a classroom game to figure demand and supply: I played it in each class I taught. A former colleague taught it to me many years ago. As far as I know, I use the game invented by Edward Chamberlin and refin…
Taha Choukhmane, Tim de Silva Weidong Lin Matthew Akuzawa discuss ChatGPT giving financial advice in voxeu: The rise of generative AI has raised hopes that high-quality, personalised financial advice might finally become cheap and universally accessible. This…
Book Review: History of Economics Roger E. Backhouse. 2023. The Penguin History of Economics: New and Revised. Penguin. Annavajhula J C Bose, PhD Former (Economics) Professor, SRCC, DU This is not so much a review of this great book as a passionate nudge to th…
Danile Smith on Daily Economy traces the dark/Nazi history of Guns vs Butter model: Wikipedia’s entry for the guns versus butter model claims the origin of the analogy traces back to the United States during World War I. That, however, does not appear to hold…
Andréa Maechler, Deputy General Manager, Bank for International Settlements (BIS) in this speech: Trust in money is the foundation of any financial system. As digital innovations, such as tokenisation, reshape the payments landscape and finance more generally,…
Mark Thornton writes about lying habits of political leaders on Mises Wire: Professor John Mearsheimer is perhaps the most well-known political scientist in the world today. This is due in large part to his many appearances on important podcast platforms regar…
Nicholas Bloom, Erica Groshen,Duncan Hobbs and Michael R. Strain in this voxeu post: Trust in official economic statistics has become an increasingly salient policy issue, including in the US where the Commissioner of the Bureau of Labor Statistics was dismiss…
Medini Bhat of George Mason University in this interesing paper on making of Indian economic thought: In late-nineteenth-century India, the colonial state determined which forms of economic argument could survive in print. This paper reconstructs the political…
Tobias Adrain of IMF has written a note on tokenisation of finance. He shares the key insights on IMF Blog: Tokenization is often described as a technological upgrade enabling faster settlement, cheaper payments, and programmable assets. But it is a lot more.…
Fabio Panetta Governor of Banca d’Italia discusses Robert Mundell’s contribution to building a European currency: We are gathered here today to honour one of the greatest economists of the twentieth century. Professor Robert Mundell was awarded the 1999 Nobel…
I finally managed to read this much talked about book – Growth A reckoning by Daniel Susskind. Over the past two centuries, economic growth has freed billions from poverty and made our lives far healthier and longer. As a result, the unfettered pursuit of grow…
Trump is following the tyrant playbook and also adding some of his own. In his second Presidency, he started attacking Smithsonian museum. Now on 4th July 2026, on America’s 250th independence day, the White House admin released a scathing report on the museum…
Lynn Parramore of INET on the 250th anniversay of America: America’s 250-year anniversary is causing a lot of angst. Some would like to paper over everything we’ve done wrong; others are so consumed with our failures they can’t bring themselves to admit what w…
Prof Anna Stavrianakis of University of Sussex writes an interesting article on how the arms industry will ensure conflicts continue in the world: Peace activists are correct to point out that the death merchants have been thriving in the 2020s, and that their…