Individual Papers/Articles by Chairman & Members

  1. Goyal, Ashima (ed.) The Concise Handbook of Indian Economy in the 21st Century. Second edition. OUP: New Delhi. 2019.
  2. Goyal, Ashima and Abhishek Kumar. 2020. 'A DSGE Model-Based Analysis of the Indian Slowdown', Journal of International Commerce, Economics and Policy. 11(1). February. DOI: 10.1142/S1793993320500040. Earlier version available at
  3. Goyal, Ashima and Deepak Kumar Agarwal. 2020. 'Policy transmission in Indian money markets: The role of liquidity,' The Journal of Economic Asymmetries. Vol 21. June. Published online on 13 December 2019.
  4. The Indian Fiscal-Monetary Framework: Dominance or Coordination? by Ashima Goyal
  5. All you wanted to know about Jobs in India – but were afraid to ask by Surjit S. Bhalla
  6. Change the Chamber Music by Bibek Debroy
  7. The Anatomy of Equity by Bibek Debroy
  8. Demand-led Growth Slowdown and Inflation Targeting in India by Ashima Goyal
  9. Public Order and Disorder by Bibek Debroy
  10. Much ado about an impractical idea by Bibek Debroy
  11. Police Story 2: Maybe we should bring the beat constable back by Bibek Debroy
  12. Police Story: How to save the most backward force in our public service by Bibek Debroy
  13. Room at the Top: An Overview of Fiscal Space, Fiscal Policy, and Inclusive Growth in Developing Asia by Rathin Roy
  14. Finance Commission of India's Assessments: A Political Economy Contention between Expectations and Outcomes by Rathin Roy
  15. The Public Education System and What the Costs Imply by Rathin Roy
  16. The Paris Package: Setting the Finance Agenda for Climate Action by Rathin Roy
  17. Delivering a Sustainable Financial System in India by Rathin Roy
  18. Financial System for Sustainable Development in India by Rathin Roy
  19. India’s Experience with Sub-National Fiscal Responsibility Legislation: Performance and Challenges by Rathin Roy
  20. History and Evolution of the FRBM Act: Issues and Challenges by Rathin Roy
  21. Fiscal Policy Consequences of Digitalization and Demonetization in India by Rathin Roy
  22. Universal Basic Income: A Disturbing Admission by Rathin Roy
  23. Should States Target a 3% Fiscal Deficit? by Rathin Roy
  24. Articles by Ashima Goyal in Business Line
  25. How Aadhaar Can Help Shape India’s Health Policy By Shamika Ravi
  26. Which are heritage railways? by Bibek Debroy
  27. Diamonds aren't forever by Bibek Debroy
  28. Requiem for Delhi's Ring Railway by Bibek Debroy
  29. Macroeconomic Policy for an India in Transition by Ashima Goyal
  30. The Effect of Oil Shocks and Cyclicality in Hiding Indian Twin Deficits by Ashima Goyal
  31. Government Expenditure in India: Composition and Multipliers by Ashima Goyal
  32. Active Monetary Policy and the Slowdown: Evidence from DSGE Based Indian Aggregate Demand and Supply by Ashima Goyal
  33. Let’s Reread the Constitution Before the Next Big Leap by Bibek Debroy
  34. Disappearing sparrows: Urbanisation and the flight of the sparrow by Bibek Debroy
  35. Macroeconomics and Markets in Developing and Emerging Economies by Ashima Goyal
  36. Articles by Ashima Goyal on East Asia Forum
  37. Evaluating India’s Exchange Rate Regime under Global Shocks
  38. A slowdown in Bank Credit Growth: Aggregate Demand or Bank Non-performing Assets?
  39. Goyal, A. and K. Banerjee. 2020. 'How Far Is India’s Nominal Exchange Rate from Equilibrium?' Economic and Political Weekly. 55(11). March 14.
  40. Portfolio Composition and Valuation Effects in Emerging Market Economies
  41. Money and business cycle: Evidence from India
  42. Insights from Behavioural Economics on Current Policy Issues
  43. Estimating the Relationship between the Current Account, the Capital Account and Investment for India
  44. Price Discovery in Indian Government Securities Market, Monetary Management and the Cost of Government Borrowing
  45. What Explains the Volatility of India’s Catch-up Growth?
  46. Indian Banks and the Prevention of Corruption Act: Freedom and discipline
  47. Measuring Indian GDP: Arvind Subramanian Can’t Be Taken Seriously’ (with Abhishek Kumar), Bloomberg Quint, June 18, 2019.
  48. Why are Indian growth rates so volatile?’ Business Standard, June 3, 2019
  49. Interview: ‘Scope for stimulus despite fiscal consolidation target, says Ashima Goyal’, Business Standard, May 28, 2019
  50. GDP measurement and the slowdown, Business-Standard, August 21, 2019
  51. Correlated Shocks, Hysteresis, and the Sacrifice Ratio: Evidence from India
  52. Goyal, Ashima (ed.) The Concise Handbook of Indian Economy in the 21st Century. Second edition. OUP: New Delhi. 2019.
  53. Balakrishnan, Pulapre and Ashima Goyal. 2019. ‘After Liberalizing Reforms: The importance of domestic demand,’ in Ashima Goyal (ed.) The Concise Handbook of Indian Economy in the 21st Century. Second edition. OUP: New Delhi. 2019
  54. Goyal, A. and K. Banerjee. 2020. 'How Far Is India’s Nominal Exchange Rate from Equilibrium?' Economic and Political Weekly. 55(11) pp.29-34. March 14.
  55. Goyal, A. 2020. Post Covid-19: Recovering and sustaining India’s growth. Indian Economic Review. Online publication: August 6 , 2020. DOI
  56. th is not Overestimated: Mr. Subramanian you got it wrong’. Macroeconomics and Finance in Emerging Market Economies. 13(1):29-52.
  57. Goyal, A. and P. Parab. 2019. ‘Modeling Consumers' Confidence and Inflation Expectations’. Economics Bulletin, 39(3): 1817-1832.
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