This paper seeks to answer two questions: first, do monetary policy shocks affect the size of bank loans, and second, do bank loans affect real economic activity? Using annual panel data on the Indian states from 1996 to 2008, we find that money demand shocks have large and statistically...

This paper seeks to answer two questions in the context of the Indian economy. First, are all movements in food and energy prices transitory? Second, is there a significant relationship between permanent and transitory shocks to different components of the aggregate price level? Using monthly...

Using nationally representative household survey data, and district and state as two levels of aggregation, we examine role of individual and geographical factors in determining the level and the change in income inequality in India. We find that between-state income differences account for the...

Using nationally representative household survey data, and district and state as two levels of aggregation, we examine role of individual and geographical factors in determining the level and the change in income inequality in India. We find that between-state income differences account for the...

An important constraint in studying intergenerational education mobility for India is the lack of data that contain information about parents' education for the entire adult population. This paper employs a novel strategy to create a unique father-son matched data that is representative of the...

Using nationally representative and publicly available India Human Development Survey (IHDS), we create a unique son-father matched data that is representative of the entire adult male population (aged 20-65) in India. We use this data to document the evolution of intergenerational transmission...