Over the last decade, the Dynamic Stochastic General Equilibrium (DSGE) framework has become a workhorse for macroeconomic analysis in both academic and policy circles. Following this emerging trend, we aim to modernise our research capacity in macroeconomics at NCAER by introducing a baseline DSGE model for the Indian economy. This new generation model can serve... Read More
This very timely discussion held at NCAER discussed the “Regional Economic Diplomacy in Asia: Opportunities and Challenges” with scholars from EABER . The first panel explored the state of play in regional trade and economic diplomacy, including the emergence of mega-regional trade negotiations such as the TPP and RCEP and how they affect the global... Read More
As debate and speculation rage in New Delhi about a new avatar of the Indian Planning Commission following Prime Minister Modi’s Independence Day speech, it is useful to look at institutions in other countries that started out similarly to the Indian Planning Commission but whose roles have changed over time. The most prominent among these... Read More
The deadline for ratification of the WTO’s Trade Facilitation Agreement (TFA) under the Doha Round was July 31, 2014. India under the Modi Government chose not to ratify the TFA, signed in December 2013 by the previous Manmohan Singh Government at the 9th WTO Ministerial Meeting in Bali, and widely heralded at that time as... Read More
Financial markets operate within a country’s legal, regulatory, and tax framework, often designed to overcome market failures. But as with almost any government, inappropriate regulation or laws may themselves create government failures. Where does one lay the blame for excess volatility in financial markets, volatility that may impose huge costs on the rest of the... Read More
The India Policy Forum 2013|14 , volume 10 was released by Dr Surjit S Bhalla and Dr Shekhar Shah at a conference being held at the India International Centre. The journal contains the papers and discussions presented at the India Policy Forum held in July 2013. Shekhar Shah (NCAER), Barry Bosworth (Brookings), and Arvind Panagariya (Columbia) are... Read More
The India Policy Forum, now its eleventh continuous year, is organized by NCAER in New Delhi every year in cooperation with the Brookings Institution. Its objective is to promote rigorous empirical research on Indian economic policy with commissioned papers, an annual two-day conference leading to a volume, the India Policy Forum Volume published by SAGE,... Read More
The Chitwan Valley Family Study (CVFS) is an 18-year old, multi-level, panel study of communities, households, and individuals based on multi-mode, mixed-methods data collection built around cutting-edge, computer-assisted personal interviewing (CAPI) and mobile phone technologies. CVFS serves as a unique laboratory based at ISER-N for interdisciplinary social and economic research in the heterogeneous, high-mobility setting... Read More
This conference organised by NCAER and Institute of Development Studies is a part of a collaborative project which explores the reasons as to why India's burgeoning growth rates have not translated into better nutrition outcomes for its people,. It aims to understand and shape the current policy process around the proposed National Food Security Act... Read More
Scholars and policymakers have unanimously recognized the adverse economic and welfare consequences of inflation. However, relatively less attention is given to inflation volatility and its consequences. Inflation episodes are often more volatile (i.e. inflation fluctuates a lot) in emerging market and developing economies (EMDEs) as compared to advanced countries. This stylized fact raises the... Read More