Some 25 years have elapsed since international financial institutions espoused a package of power sector reform measures that became known as the Washington Consensus. This package encompassed the establishment of autonomous regulatory entities, the vertical and horizontal unbundling of...

India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this context, the paper draws on Indian macroeconomic developments since 2000 and the experience of other...

This paper outlines the key features of the production version of the quarterly projection model (QPM), which is a forward-looking open-economy gap model, calibrated to represent the Indian case, for generating forecasts and risk assessment as well as conducting policy analysis. QPM incorporates...

Electrification has been shown to accelerate opportunities for women by moving them into more productive activities, but whether improvements in economic outcomes also change gender norms and practices within the household remains unclear. This paper investigates the causal link between...

Almost nine million children under five years of age die every year. Diarrhea is considered to be the second leading cause of under-five mortality in developing countries. About one out of five deaths is caused by diarrhea. In this paper, we use the newly available data set DLHS-3 to quantify...

In a recent paper in the Review of Economic Studies, Siwan Anderson and Debraj Ray (Anderson and Ray, 2010) develop and apply a new "flow" measure of "missing women" to estimate the extent of gender bias in mortality in developing countries. Contrary to the existing literature, they find that...