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Outputs (44)

Rural-Urban Divide of COVID-19 fatalities in India – Investigating the Role of Lifestyle Disorder Diseases (2024)
Journal Article
Basu, P., Das, S., Dutta Choudhury, A., Mazumder, R., & Sengupta, M. (online). Rural-Urban Divide of COVID-19 fatalities in India – Investigating the Role of Lifestyle Disorder Diseases. Journal of Quantitative Economics, https://doi.org/10.1007/s40953-024-00422-w

Using data on weekly COVID-19 infections and fatalities at the district level for 19 states and 4 union territories of India, we investigate the determinants of COVID-19 deaths focusing exclusively on the second wave of infections. We include several... Read More about Rural-Urban Divide of COVID-19 fatalities in India – Investigating the Role of Lifestyle Disorder Diseases.

Trilemma or Trinity? The nexus of economic growth, circular economy and net zero (2024)
Journal Article
Basu, P., Jamasb, T., & Sen, A. (2024). Trilemma or Trinity? The nexus of economic growth, circular economy and net zero. Energy Economics, 138, Article 107844. https://doi.org/10.1016/j.eneco.2024.107844

How can economies achieve economic growth without causing negative environmental externalities? There are two aspects to the long-standing debate on 'sustainable growth'. A …rst-best solution is for economies to replace fossil fuels with renewable en... Read More about Trilemma or Trinity? The nexus of economic growth, circular economy and net zero.

Monetary Policy and Welfare with Heterogeneous Firms and Endogenous Entry (2024)
Journal Article
Cooke, D., & Damjanovic, T. (online). Monetary Policy and Welfare with Heterogeneous Firms and Endogenous Entry. Journal of Money, Credit and Banking, https://doi.org/10.1111/jmcb.13158

This 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)
Newspaper / Magazine
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.

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, 48(2), Article 101184. https://doi.org/10.1016/j.ecosys.2024.101184

Workers 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.

Do Financial Markets Respond to Populist Rhetoric? (2023)
Journal Article
ÇAKMAKLI, C., DEMİRALP, S., & GÜNEŞ, G. Ş. (2024). Do Financial Markets Respond to Populist Rhetoric?. Oxford Bulletin of Economics and Statistics, 86(3), 541-567. https://doi.org/10.1111/obes.12591

With the global rise in populism over the last decade, there has been an increase in political commentaries (PC) by leaders that criticize their central banks and argue for lower interest rates. We analyse the effects of PCs on exchange rates, bond y... Read More about Do Financial Markets Respond to Populist Rhetoric?.

Payment delay in workfare programmes and household welfare: Theory and some evidence from India (2023)
Journal Article
Basu, P., Raj S. N, R., & Sen, K. (2024). Payment delay in workfare programmes and household welfare: Theory and some evidence from India. Manchester School, 92(2), 93-121. https://doi.org/10.1111/manc.12460

Using the lens of a life cycle model, we argue that an administrative failure of a wage payment delay in a workfare programme could adversely affect the welfare of the poor through two channels. First, it imposes an implicit consumption tax on the ho... Read More about Payment delay in workfare programmes and household welfare: Theory and some evidence from India.

COVID-19 and emerging markets: A SIR model, demand shocks and capital flows (2023)
Journal Article
Cakmaklı, C., Demiralp, S., Kalemli Ozcan, S., Yesiltas, S., & Yıldırımk, M. A. (2023). COVID-19 and emerging markets: A SIR model, demand shocks and capital flows. Journal of International Economics, 145, Article 103825. https://doi.org/10.1016/j.jinteco.2023.103825

We quantify the macroeconomic effects of COVID-19 for a small open economy. We use a two-country framework combined with a sectoral SIR model to estimate the effects of collapses in foreign demand and supply. The small open economy... Read More about COVID-19 and emerging markets: A SIR model, demand shocks and capital flows.

Evaluating Fiscal Policy Reforms Using the Fiscal Frontier (2023)
Journal Article
Chen, X., Leith, C., & Ricci, M. (2023). Evaluating Fiscal Policy Reforms Using the Fiscal Frontier. Journal of Economic Dynamics and Control, 155, Article 104733. https://doi.org/10.1016/j.jedc.2023.104733

We develop a Fiscal Frontier which traces out the maximum government debt level that can be sustained at a given welfare cost. Through duality, the intertemporal policy mix underpinning the Frontier mirrors standard Ramsey policy and de nes an upper... Read More about Evaluating Fiscal Policy Reforms Using the Fiscal Frontier.

Unconventional Monetary Policy and the Bond Market in Japan: A New Keynesian Perspective (2023)
Journal Article
Basu, P., & Wada, K. (2023). Unconventional Monetary Policy and the Bond Market in Japan: A New Keynesian Perspective. Japan and the World Economy, 67, Article 101207. https://doi.org/10.1016/j.japwor.2023.101207

Using the lens of a medium scale DSGE model, we analyze macroeconomic effects of Japan’s unconventional monetary policy which is known as Qualitative and Quantitative Easing (QQE). Our focus is on the bond market. The model features: (i) commercial b... Read More about Unconventional Monetary Policy and the Bond Market in Japan: A New Keynesian Perspective.