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🎉 Recently Published Article in World Development 🎉
We find that 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 is associated with higher 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗼𝗿𝘆 𝗰𝗼𝗻𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻, particularly at lower levels of 𝘄𝗲𝗮𝗹𝘁𝗵.
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Abhishek Kumar
447 posts
Abhishek Kumar
@mostlyeconmix
Asst. Professor @unisouthampton; Non Resident Fellow @CSEP_org; PhD @igidr_Mumbai; Love Economics and Politics Email: [email protected]; [email protected]
Southampton Katılım Ocak 2010
1.1K Takip Edilen715 Takipçiler
𝗣𝗼𝗹𝗶𝗰𝘆 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀: There is a need for greater digital literacy and policies aimed at curbing predatory and unfair lending practices.
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Transitory consumption is the part of consumption that cannot be explained using a rich set of variables that would ideally determine permanent consumption.
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🎉 Recently Published Article in World Development 🎉
We find that 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝗰𝗹𝘂𝘀𝗶𝗼𝗻 is associated with higher 𝘁𝗿𝗮𝗻𝘀𝗶𝘁𝗼𝗿𝘆 𝗰𝗼𝗻𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻, particularly at lower levels of 𝘄𝗲𝗮𝗹𝘁𝗵.
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🎉 𝖱𝖾𝖼𝖾𝗇𝗍𝗅𝗒 𝗽𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 𝗉𝖺𝗉𝖾𝗋 𝗂𝗇 𝗍𝗁𝖾 𝗝𝗼𝘂𝗿𝗻𝗮𝗹 𝗼𝗳 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰𝘀 🎉
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@mostlyeconmix Congratulations Abhishek! Super relevant findings for informing exchange rate policy in India!
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D𝗲𝘀𝗽𝗶𝘁𝗲 𝗮𝗻 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗼𝘄𝗲𝗿, 𝗱𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗿𝗲𝗱𝘂𝗰𝗲𝘀 𝗰𝗼𝗺𝗯𝗶𝗻𝗲𝗱 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗼𝘄𝗲𝗿 𝗱𝘂𝗲 𝘁𝗼 𝗮 𝗹𝗮𝗿𝗴𝗲 𝗱𝗲𝗰𝗹𝗶𝗻𝗲 𝗶𝗻 𝗽𝗹𝗮𝗻𝘁𝘀' 𝗹𝗮𝗯𝗼𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗼𝘄𝗲𝗿.
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𝖶𝖾 𝗎𝗇𝖼𝗈𝗏𝖾𝗋 𝖽𝗂𝗌𝗍𝗋𝗂𝖻𝗎𝗍𝗂𝗈𝗇𝖺𝗅 𝖾𝖿𝖿𝖾𝖼𝗍𝗌 𝖻𝗒 𝖾𝗌𝗍𝗂𝗆𝖺𝗍𝗂𝗇𝗀 𝗍𝗁𝖾 𝗶𝗺𝗽𝗮𝗰𝘁 𝗼𝗳 𝗲𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗿𝗮𝘁𝗲 𝗱𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗺𝗮𝗿𝗸𝗲𝘁 𝗹𝗮𝗯𝗼𝗿 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗻𝗱 𝗰𝗼𝗺𝗯𝗶𝗻𝗲𝗱 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗼𝘄𝗲𝗿.
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E𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗿𝗮𝘁𝗲 𝗱𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗹𝗮𝗯𝗼𝗿 by 𝖻𝗋𝗂𝗇𝗀𝗂𝗇𝗀 𝗐𝖺𝗀𝖾𝗌 𝖼𝗅𝗈𝗌𝖾 𝗍𝗈 𝖼𝗈𝗆𝗉𝖾𝗍𝗂𝗍𝗂𝗏𝖾 𝗐𝖺𝗀𝖾𝗌 𝗐𝗂𝗍𝗁 𝗉𝖺𝗋𝗍𝗂𝖼𝗎𝗅𝖺𝗋𝗅𝗒 𝗌𝗍𝗋𝗈𝗇𝗀 𝗀𝖺𝗂𝗇𝗌 𝖿𝗈𝗋 𝗆𝖺𝗇𝖺𝗀𝖾𝗋𝗂𝖺𝗅 𝗐𝗈𝗋𝗄𝖾𝗋𝗌.
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𝖳𝗁𝖾 𝗅𝖺𝖻𝗈𝗋 𝗆𝖺𝗋𝗄𝖾𝗍 𝖼𝗈𝗇𝗌𝖾𝗊𝗎𝖾𝗇𝖼𝖾𝗌 𝗈𝖿 𝖾𝗑𝖼𝗁𝖺𝗇𝗀𝖾 𝗋𝖺𝗍𝖾 𝖽𝖾𝗉𝗋𝖾𝖼𝗂𝖺𝗍𝗂𝗈𝗇 𝗋𝖾𝗆𝖺𝗂𝗇 𝗎𝗇𝖽𝖾𝗋𝖾𝗑𝗉𝗅𝗈𝗋𝖾𝖽 𝗂𝗇 𝗍𝗁𝖾 𝗅𝗂𝗍𝖾𝗋𝖺𝗍𝗎𝗋𝖾, 𝖺𝗇𝖽 𝗐𝖾 𝗉𝗋𝗈𝗏𝗂𝖽𝖾 𝗻𝗲𝘄 𝗲𝘃𝗶𝗱𝗲𝗻𝗰𝗲.
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𝗧𝗵𝗲 𝘃𝗶𝗿𝘁𝘂𝗼𝘂𝘀 𝗰𝘆𝗰𝗹𝗲 𝗯𝗲𝗴𝗶𝗻𝘀 𝗳𝗿𝗼𝗺 𝘄𝗶𝘁𝗵𝗶𝗻. Enhancing the productivity of factors of production is the key to kickstarting the 𝗴𝗿𝗼𝘄𝘁𝗵–𝘀𝗮𝘃𝗶𝗻𝗴𝘀–𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁–𝗴𝗿𝗼𝘄𝘁𝗵 dynamics.
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𝗣𝗼𝗹𝗶𝗰𝘆 𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀:
Policies aimed at raising savings to generate growth are unlikely to succeed.
Foreign aid and capital inflows, by themselves, are unlikely to generate sustained growth.
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Recently accepted paper in 𝗢𝘅𝗳𝗼𝗿𝗱 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗣𝗮𝗽𝗲𝗿𝘀.
We introduce a 𝗻𝗼𝘃𝗲𝗹 𝘄𝗮𝘆 𝗼𝗳 𝘂𝗻𝗰𝗼𝘃𝗲𝗿𝗶𝗻𝗴 𝗰𝗮𝘂𝘀𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝗺𝗮𝗰𝗿𝗼 𝗱𝗮𝘁𝗮 and show that 𝗴𝗿𝗼𝘄𝘁𝗵 𝗱𝗿𝗶𝘃𝗲𝘀 𝘀𝗮𝘃𝗶𝗻𝗴𝘀, 𝗻𝗼𝘁 𝘁𝗵𝗲 𝗼𝘁𝗵𝗲𝗿 𝘄𝗮𝘆 𝗮𝗿𝗼𝘂𝗻𝗱.
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Thrilled that this paper is accepted at JDE.
Grateful for all the support & feedback from faculty at ISI and seminar audiences that improved the paper.
cecfee@cecfee
Congrats to @raavi_aggarwal ! Her single-authored paper “Input Substitution in Electricity Generation and Industrial Production: Evidence from India” has just been accepted in the Journal of Development Economics!👏 It shows that taxing coal + supporting renewables can cut emissions, keep power affordable, and protect jobs. We will share once the paper is published!
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@mattyglesias Most of these results seem to be driven by reduced employment, and hence, you are spot on. Consultants help in downsizing the firms, as one would expect. But why do they fail in downsizing the government?
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It's been a brutal application season, and I am happy to share that I will be starting a PhD in Economics at Michigan State University @MSUEconomics this fall!
It truly takes a village to get someone to grad school and I am very thankful to everyone who made this possible!
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@slantchev @andypreston_UK So, they expect higher inflation, want loose monetary policy and invest in stock?
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Really, people (both of them). This is cheap talk — people are just expressing the best/worst of their expectations of Trump. Until you show me investment/savings patterns consistent with these wild swings, these data are noise.
John Cochrane@JohnHCochrane
Really, Olivier, you have a more sophisticated understanding of rational expectations. Rational is Not perfect foresight or unanimous. Model consistent. Not falsifiable. Fed and industry forecasts not that much better or unanimous.
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No longer gonna be thought of as a Professor’s Assistant!! #AssociateProfessor #Promoted #IIMCalcutta
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