Research Interests

I am a macroeconomist with both theoretical and empirical interests. My research focuses on the theoretical and empirical aspects of macroeconomic policy, drawing from research on monetary and fiscal interactions, economic growth, and business cycles. I am a strong proponent of the field of "Indian Macro", or research on Indian macroeconomic issues using modern quantitative theoretic models. Some recent work looks at how monetary policy should respond to government intervention in agriculture markets, the macroeconomic effects of the banking system, the economic consequences of government intervention in labor markets, how monetary policy should respond to terms of trade shocks, and public debt managment in EMEs such as India. I am a Professor at the Indian Statistical Institute - Delhi Centre - where I joined in 2003. I was a member of the Reserve Bank of India's first Monetary Policy Committee between October 2016 - October 2020. I am currently serving as the Director of the Institute of Economic Growth, New Delhi.

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Planning Unit, Indian Statistical Institute
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