Research work in economics with a focus on India.
Prof Chris Marquis of Cambridge Univ recently stirred huge controversy asking to abolish B-Schools in this The New York Times essay. Witold Henisz, vice dean of Wharton’s Impact, Value, and Sustainable Business Initiative adds to the debate: Each year, roughly…
Book Review: Reading in a Digital World Maryanne Wolf. 2018. Reader, Come Home: The Reading Brain in a Digital World. HarperCollinsPublishers. Annavajhula J C Bose, PhD Former (Economics) Professor, SRCC, DU Ekō, a global non-profit advocacy organization and o…
Yangyang Liu of Duke University review credit systems in Buddhism temples: Between the seventh and tenth centuries, Buddhism spread from India into China, bringing with it not only religious teachings but also economic practices that were subsequently absorbed…
Serbia’s historic election result is leading to skeletons falling off the cupboard. The first one is media apologising for reporting pro-Vucic regime news all these years. I am sure more is to follow. No government becomes a regime by itself. It is enabled by…
2026 marks birth centenary of Prof P.R. Brahmananda A M Jose and Jos Chathukulam pay tribute to in Indian Public Policy Review: P. R. Brahmananda (1926–2003) was one of the most original and independent voices in Indian economics. His birth centenary provides…
John Garrison Marks on how Trump is trying to rewrite American history with him at the centre: As the nation marked its 250th anniversary this summer, Donald Trump could not stop posting AI-generated images of himself alongside George Washington. In one, Trump…
Albania banned religion in 1967. Richard Murphy and Shqiponja Telhaj study the impact on women’s education and work: This paper studies whether governments can change social norms that constrain women’s education and work, and through which mechanism. Albania’…
Helene Rey of BIS discusses macroprudential policy in this speech: Macroprudential policy emerged from the recognition that individually rational actions can destabilise the financial system when taken collectively. This system-wide perspective is increasingly…
Pallavi Pant, Monalisa Poali, Abhyuday Harsh, Brijesh P and Sona Chinngaihlian of RBI review the NBFC sector but also provide a bird-eye view of India’s financial system: This article assesses the performance of the non-banking financial company (NBFC) sector…
Who would have imagined elections at Serboa becoming global news? But it has. Aleksander Vučić the right wing leader has held power for 12 years and won over every opponent and then came the students. How a collapse of a canopy at a railway station led to stud…
Shruti Rajagopalan on her fab IdeasofIndia podcast speaks to Kishen Shastry on his really interesting work on Political Economy of Hindu Monastic Institutions (Mutts) in Karnataka. I spoke with Kishen Shastry who is a Postdoctoral Research Associate at the Cam…
Six commercial banks in the United Kingdom are authorised to issue their own banknotes, three in Northern Ireland and three in Scotland. The authorised banks are: Bank of Ireland (UK) plc; Bank of Scotland plc; Clydesdale Bank Limited; Northern Bank Limited (t…
C. de Beauffort and S. El Joueidi of Central Bank of Belgium write on central bank independence: Central bank independence is a defining feature of modern monetary policy frameworks. Yet independence is not a simple concept, but a multi-faceted one encompassin…
Tyler Cowen speaks to Liaquat Ahamed on his Conversations with Tyler podcast: Liaquat Ahamed has spent years making central bankers into compelling characters. His 2009 book Lords of Finance won the Pulitzer Prize for its account of the bankers whose decisions…
Undercover Historian Beatrice Cherrier gives a historical perspective on Hall-Woodford Nobel Prize 2026: “This year’s prize is about stabilization” was the sentence with which Ellen Moons, Secretary General of the Royal Swedish Academy of Sciences, introduced…
A Teacher Writes to Students Series (81): The Commons Paradigm Annavajhula J C Bose, PhD Former (Economics) Professor, SRCC, DU The commons paradigm as a much needed societal vision is owed in recent times to the contributions of David Bollier. His own words c…
Zhiguo He, Yiming Qian, Xi Sun & Wang Renxuan in this NBER paper: This paper studies how China uses access to public equity markets as an instrument of industrial policy. We find that policy-favored status, rather than industry Tobin’s Q, predicts IPO activity…
Totally shocked to hear about Prof Perry Mehrling. Travel well sir.
Nobel Prize 2026 awarded to Robert Hall and Michael Woodford is attributed as a build-up on John Maynard Keynes’s work. The insight that stabilisation policy can have great benefits can be traced back to John Maynard Keynes’s almost century-old work. His idea,…
Prof Michael Woodford was about to set his economics students an exam on the morning of 12 October, when he was woken by a call from Stockholm at 4:30am. Just after listening to the announcement of the 2026 prize in economic sciences, Woodford spoke to the Nob…
The Nobel Prize in economics 2026 is awarded to Robert E. Hall and Michael Woodford “for microeconomic foundations of macroeconomic stabilisation. This year’s laureates in the economic sciences, Robert E. Hall and Michael Woodford, have developed new macroecon…
Colin Weiss of Federal Reserve on the issue of whether Gold has overtaken US Treasury as a safe asset? In 2025, world international reserves held in gold surpassed foreign official holdings of U.S. Treasury securities (figure 1), a fact drawing attention from…
Riksbank Deputy Governor Anna Seim asks one of the most asked questions by economists: What is money? “We economists usually talk about money having to fulfil three basic functions,” she explained. “It should retain a stable value over time, be generally accep…
Prof Luis Garicano sums up all the economic history brilliantly in one para: “Adam Smith said a bunch of stuff that was mostly right. Marx said a bunch of stuff that was wrong. Keynes fixed some things up, messed some others. Then Lucas broke everything again.…
Jeanet Bentzen, Alessandro Pizzigolotto and Lena Sperling on how White House is supporting religiosity and dividing America: Around the world, governments are pulling religion closer to the state, from Türkiye’s generously funded religious directorate to Vikto…
AFD, the far right party has won election in Saxony has shocked Germany and its leaders. U Govind Rao writes on the rise of the right-wing party in Madras Courier: Germany’s far-right Alternative for Germany (AfD) has taken another giant step towards political…
Even though monetary aggregates remain out of fashion for monetary analysis, they serve as useful ways to understand money. We are seeing evolving of new forms of money – tokensied deposits, tokenises money market mutual funds and stablecoins. How to include t…
Muhamad Chatib Basri former finance minister of Indonesia in IMF F&D Magazine Sep-26 edition narrates how and why Indonesia faced youth protests despite strong macro fundamentals: Affan Kurniawan was completing a food delivery order in Jakarta on the night of…
A Teacher Writes to Students Series (77): New Principles of Economics Annavajhula J C Bose, PhD Former Professor, Department of Economics, SRCC, DU Aha! At last, we can do sensible economics. We can do economics without Greg Mankiw’s fictitious 10 Principles o…
Pranay Kothasthane and Sarthak Pradhan of Takshashila Institute have written this interesting book: Fiscal Fables – A Citizen’s Guide to Public Finance. The duo have put up this fabulous platform – Fiscal Playground – where you can figure Indian Public Finance…