Is India ready for digital currency?
(2024)
Book Chapter
Basu, P. (2024). Is India ready for digital currency?. In C. Biswajit, & J. Sasmal (Eds.), The Indian Economy @ 75: Successes and Challenges. India: Routledge. https://doi.org/10.4324/9781003416074
Monetary Policy and Welfare with Heterogeneous Firms and Endogenous Entry (2024)
Journal Article
Cooke, D., & Damjanovic, T. (2024). Monetary Policy and Welfare with Heterogeneous Firms and Endogenous Entry. Journal of Money, Credit and Banking, https://doi.org/10.1111/jmcb.13158This paper studies the welfare consequences of monetary policy in a sticky-wage New Keynesian model with heterogeneous firms and endogenously variable markups. Firm heterogeneity affects the volatility of the aggregate markup and the welfare benefit... Read More about Monetary Policy and Welfare with Heterogeneous Firms and Endogenous Entry.
It's not selfish (2024)
Other
Basu, P. (2024). It's not selfish. [Online news article]Every day we make decisions. Traditional rationalist economists say that we make the decision in which our expected value or expected receipt is the highest.
How is the world after the pandemic? (2024)
Other
Basu, P. (2024). How is the world after the pandemic?. [Ei Samay]
Labour immobility between industries: Consequences for the macroeconomy (2024)
Journal Article
Basu, P., Chivers, D., & Park, C. (2024). Labour immobility between industries: Consequences for the macroeconomy. Economic Systems, Article 101184. https://doi.org/10.1016/j.ecosys.2024.101184Workers are failing to move to the most productive industries, despite the offer of higher wages. In order to explain this phenomenon, we provide evidence that when an industry experiences a positive, labour-productivity shock, it is subsequently har... Read More about Labour immobility between industries: Consequences for the macroeconomy.