Research Interests: Macroeconomics, Sovereign Debt and Defaults, Political Economy, Misallocation and Productivity, Consumer Finance
Political Constraints and Sovereign Default (with M. Azzimonti), 2023, Journal of International Money and Finance, 137, ISSN 0261-5606, DOI
NBER Working Paper Number: w29667
Press coverage: Econ Focus -- Richmond Fed
Previous version: Political Constraints and Sovereign Default Premia
The Politics of Debt in the Era of Rising Rates (with M. Azzimonti) -- Invited for publication at the IMF Economic Review
Presented at: Rutgers University (M. Azzimonti), 25th Jacques Polak Annual Research Conference, IMF
Sovereign Default and Tax-smoothing in the Shadow of Corruption and Institutional Weakness (with M. Azzimonti) -- Review & Resubmit at The Review of Economic Studies
NBER Working Paper Number: w31943
Presented at: SED Annual Meetings, Cartagena (2023), Midwest Macro Meetings, Clemson University (2023), IMF (2023) (M. Azzimonti), Institute of Economic Growth (2023), IIM Bangalore (2023)
Bank Entry, New Loans, and Misallocation (with P. Chakraborty) -- Under Review
Presented at: Stony Brook U. (2020), ABLE Workshop, IIM Ahmedabad (2024)
A Quantitative Theory of Installment Loans (with S. Chatterjee) -- Preliminary, Sept '24
Presented at: European Winter Meetings of the Econometric Society, Spain
Political Economy of Fiscal Dominance (with A. Chatterjee)
Political Economy of Fiscal Rules (with A. Sagwal)
Other Writings
Ideas for India (April 28, 2025): New Banks, Credit, and Misallocation -- (with P. Chakraborty)