Tenth Annual NCAER-NBER-ICRIER Neemrana Conference



"Sustaining Growth in Troubled Times"


10-13 January, 2009 

Neemrana Fort Palace Resort, Rajasthan, India








Saturday January 10 2009


7:00 PM - 8:15 PM                                                  Welcome, Introduction and Special Lecture
James Poterba, President, NBER
Suman Bery, DG, NCAER
Isher Judge Ahluwalia, Board Chair, ICRIER
Sunil Mehta, AIG
Evening Lecture:
Chair N K Singh
Lecture by Montek S. Ahluwalia
8:30 PM Dinner and Commemoration of 10 years of Neemrana Conference

Saturday January 11 2009 - Theme 1: The Global Economic Environment

SESSION I    9:00 AM -11:00 AM                                 The US Economy and the New Administration
Chair Rajiv Kumar
NBER Martin Feldstein
NBER John Clarkeson
India Tarun Das
General Discussion
11:00 AM -11:30 AM TEA BREAK
SESSION II    11:30 AM -1:30 PM                                Global Economic Downturn: Analysis, Prospects and Implications
Chair Chandu Bhave
NBER Raghuram Rajan
Landed Interests and Financial Underdevelopment in the United States (Paper)
The Causes and Consequences of the Financial Crisis (Presentation)
NBER John Campbell
What are the Risks of Government Bonds? (Presentation)
India Meghnand Desai
India Uday Kotak
General Discussion
1:30 PM - 2:15 PM LUNCH

Theme 2: Policy Reforms and Options

SESSION III   2:15 PM - 4:15 PM                               Trade Integration: Regional and Global
Chair Kirit S Parikh
NBER Ann O. Krueger
The Clash Between Economics and Politics in the World Trade Organisation (Paper)
NBER Mihir Desai
The Decentering of the Global Firm (Paper)
Taxes, Dividends and International Portfolio Choice (Paper)
The Decentering of the Global Firm (Presentation)
India Rahul Khullar
India Subir Gokarn
General Discussion
Additional Readings
Jagdish Bhagwati
Global Warming (Paper)
4:15 PM - 4:45 PM TEA BREAK
SESSION IV   4:45 PM - 6:45 PM                               Fiscal Approach
Chair Arivnd Virmani
NBER James Poterba
Tax Expenditures for Owner- Occupied Housing (Presentation)
NBER Roger Gordon
A Public Finance Perspective on Economic Development (Paper)
Taxes and Economic Growth in Developing Countries (Presentation)
India Shankar Acharya
India’s Macroeconomic Performance and Policies since 2000 (Paper)
Fiscal Policy : Some Notes (Presentation)
India Govinda Rao
Fiscal Space for Economic Revival (Presentation)
General Discussion
7:30 PM Entertainment - Performance by Ms. Vidya Shah and her group

Monday January 12 2009 - Theme 3: Growth Perspective

SESSION V   9:00 AM - 11:00 AM                               Financial Stability and Monetary Management
Chair Isher Judge Ahluwalia
NBER Simon Johnson
At Your Own Risk: Health Warnings for Growth Data (Paper)
Is Newer Better? Penn World Table Revisions and Implications for the Growth Literature (Presentation)
India Anoop Singh
The Global Context: Policy Responses and Options (Presentation)
India Ila Patnaik
The current liquidity crunch in India: Diagnosis and policy response (Paper)
Graduating to globalisation: A study of Southern Multinationals (Paper)
Policy responses to this downturn (Presentation)
General Discussion
Additional Readings
Surjit Bhalla
Inflation, Growth and Monetary Policy (Presentation)
11:00 AM - 11:30 AM TEA BREAK
SESSION VI   11:30 AM - 1:30 PM                               Growth and Climate Change
Chair Shyam Saran
NBER Don Fullerton
Distributional Effects of Environmental Policy (Presentation)
India Jyoti Parikh
Long term perspectives on Energy and Climate Change for India (Paper)
Indian economy, Energy and Climate Change (Presentation)
India Naina Lal Kidwai
India Prodipto Ghosh
India’s Actions and Perspectives on Climate Change (Presentation)
General Discussion
Additional Readings
Jagdish Bhagwati
Climate Change, Trade and Competitiveness is a Collision Inevitable? (Paper)
1:30 PM - 2:15 PM LUNCH

Theme 4: Poverty, Inclusion and Social Protection

SESSION VII   2:15 PM - 4:15 PM                              Poverty Inclusion and Social Protection-I
Chair Nitin Desai
Panel 1
NBER Emily Oster
The Power of TV: Cable Television and Women's Status in India (Paper)
The Power of TV: Cable Television and Women’s Status in India (Presentation)
NBER Michelle White
Bankruptcy: Past Puzzles, Recent Reforms, and the Mortgage Crisis (Paper)
Personal Bankruptcy (Presentation)
India Surjit Bhalla
Notes on Inequality and Poverty (Presentation)
India Ila Patnaik
Improving local public goods in India (Presentation)
General Discussion
4:15 PM - 4:45 PM TEA BREAK
 4:45 PM - 6:45 PM                                                   Poverty Inclusion and Social Protection-II
Chair Suman Bery
Panel 2
NBER Abhijit Banerjee
The effectiveness of social sector investment in India (Presentation)
NBER Jesse Shapiro
The Economics of News Media Slant (Presentation)
India Rohini Somanathan
Inequality, Inclusion and Public Policy (Presentation)
India Anil Sharma
General Discussion
7:30 PM Entertainment - Rajasthani Folk Dance

Tuesday January 13 2009

 8:30 AM - 12:30 PM                                                  
8:30 AM - 12:30 PM Trip to Anandpur Village and Interaction with members of a SHG supported by Social Action for Human Resource Development (SOHARD)
12:30 PM Check out and Return to Delhi
Additional Readings
Dilip M Nachane
Indian Monetary Policy - Challenges and Unresolved Issues (Presentation)
Rajesh Chadha
Commentary: FTAS and the WTO Doha Development Round—Asian Response to EEU and FTAA (Paper)
Prime Minister's Council on Climate Change
National Action Plan on Climate Change (Paper)
Economic Division, Department of Economic Affiairs, Ministry of Finance, Government of India
Mid Year Review : 2008-2009 (Paper)
Reserve Bank of India
Mid-term Review of Annual Policy for 2008-09 (Paper)