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Inflation Targeting for India?: The Implications of Limited Asset Market Participation

This paper analyzes whether liquidity constraints matter for optimal monetary policy choices in an open economy. Asset market participation is limited as some agents lack financial capacity and behave in a hand-to-mouth fashion. I evaluate consumer welfare using a micro-founded welfare criterion...

Tara Iyer
Jul 2015
A Dynamic Stochastic General Equilibrium Model for India

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 expand our research capacity in macroeconomics at NCAER by introducing a baseline DSGE...

Shesadri Banerjee, Parantap Basu
May 2015
 
Mid-Year Review of the Indian Economy 2014-15

This economic outlook by NCAER, co published with India International Centre, New Delhi, analyses expected growth, inflation, balance of payments, fiscal balances, savings and investment trends, and covers the state of important sectors of the economy, including the financial and corporate sectors...

Bornali Bhandari, Mythili Bhusnurmath, Rajesh Chadha, Anil Kumar Sharma, Indira Iyer, Poonam Munjal, Anjali Tandon, Seema Sangita, Rupa Chanda
Apr 2015
The Environments of the Poor in South Asia

Poverty and environmental factors are interlinked and hold crucial importance for economic development. The poor depend so much on their natural resource base and primary production sources that the degradation of the environment has a disproportionately deleterious impact on their livelihoods. This...

Anushree Sinha, Armin Bauer, Paul Bullen
Mar 2015
 
Domestic Product at Current and Constant (2004-05) Prices in India: Issues in Estimation of Communication Sector

This paper examines the estimation procedure of domestic product for communication sector in India at constant prices.

Kanhaiya Singh, R P Katyal
Apr 2015
Evaluation Study of eCourts Integrated Mission Mode Project

This report has examined the effect of computerisation in district and subordinate courts across the country. The NCAER assessment study has found that the eCourts project has created awareness about computerisation among courts and about the application software, namely, Case Information System,...

Sohini Paul
Feb 2015
 
Economic Impact Study of Chhatrapati Shivaji International Airport, Mumbai

The NCAER study assesses the economic impact of Chattrapati Shivaji International Airport, one of the largest airports in the country, on the regional and national economy. This has been done by analyzing the direct, indirect and induced impact of aviation sector in terms of value addition and...

Rajesh Chadha, Shashanka Bhide, Purna Chandra Parida, Jahnavi Prabhakar, K Subbaraje Urs
Mar 2015
Fiscal Implications and Macroeconomic Impact Analysis of the Gas Price Pooling Policy of the Government of India

The NCAER Gas Price Pooling Study captures the macroeconomic impact of the increased power generation and its multiplier effects as a result of greater availability of gas, as well as the total costs of such a policy in the form of subsidies and revenue losses to other sectors.

Indira Iyer
Jan 2015
 
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