I explore an empirically robust but previously undocumented association between the foreign exchange reserves accumulated by central banks of emerging market economies and dollar-denominated debt held in the balance sheets of non financial sector firms. Borrowing in dollars can have damaging...

We investigate the relationship between growth and deprivation in India, an issue of immense interest. Given the continuing controversy in India over poverty lines, we use a framework that rigorously assesses the impact of growth on the poor over a range of poverty lines. Using National sample...

With an urbanization level of 31.16 percent in 2011, India is the least urbanized country among the top 10 economies of the world. In addition, unlike other countries, the transition of workforce out of agriculture is incomplete. This coupled with jobless growth in recent years has contributed...

This paper seeks to improve our understanding of the behaviour of wholesale price index (WPI) of 24 selected food products in India over a long period of time. The hypothesis of declining trend in prices is not found for all commodities although we do find that price of food grains exhibit a...

Using data from the India Human Development Survey (IHDS) 2005, we examine intergenerational occupational mobility in India, an issue on which very few systematic and rigorous studies exist. We group individuals into classes and document patterns of mobility at the rural, urban and all-India...

The study revisits the properties of Group Differential (GD) measures and extends it to include monotonicity and policy sensitivity axioms. Imposing level sensitivity, which indicates that a given gap is worse off at higher (lower) level of attainment (failure), the study concurs that a simple...

The paper analyzes causes of movements in Indian wages for rural unskilled male laborers, and assesses their impact on inflation. Theoretical priors derived from an analytical framework based on the concepts of fair wages, salience and over-reaction are tested using a State level rural wage data...

This note provides an estimate of incidence of poor and poverty risk in India across NSS regions for 2004-05 and 2009-10 in rural and urban areas. It raises concern on increasing poverty risk and also incidence of poor in some regions. These are not necessarily among the relatively worse-off...

International sugar trade is of strategic importance to India as it helps in maintain stability in the domestic sugar prices despite the cyclicality in production. Also, the potential for expanding sugar production in India exists and can be fully exploited if adjustments were introduced to...

Using an example we show that the Revenue Equivalence in the Scoring Auctions, as postulated by Che (1993), no longer holds when the suppliers are asymmetric in their costs of production.