Research
Research Interests: Macroeconomics, Sovereign Debt and Defaults, Political Economy, Misallocation and Productivity, Consumer Finance
Here is my Research Statement with a summary of my current research and plans for the foreseeable future.
Academic Publications
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
Working papers
Sovereign Default and Tax-smoothing in the Shadow of Corruption and Institutional Weakness (with M. Azzimonti) -- Revision Requested from The Review of Economic Studies --- Job Market Paper
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) -- New Revised Draft Coming Soon!
Presented at: Stony Brook U. (2020), ABLE Workshop, IIM Ahmedabad (2024)
A Quantitative Theory of Installment Loans (with S. Chatterjee) -- Preliminary, Sept '24
The Politics of Debt in the Era of Rising Rates (with M. Azzimonti) -- Preliminary, Aug '24 -- Invited for publication at the IMF Economic Review
Presented at: 25th Jacques Polak Annual Research Conference, IMF (scheduled, 2024)
Work in Progress
Political Economy of Fiscal Dominance (with A. Chatterjee)
Political Economy of Fiscal Rules (with A. Sagwal)
Policy Releases (CAFRAL)
A Practitioner's Guide to Monetary and Macroprudential Policies in India -- Coming Soon!