Shesadri Banerjee
Assistant Professor
Madras Institute of Development Studies
79, Second Main Road, Gandhinagar,
Adyar, Chennai - 600 020
Tamil Nadu, INDIA.

E-mail:
shesadri.banerjee@mids.ac.in   /  shesadri.banerjee@gmail.com
Tel: 0091-44-24412589 / 24419771 Extn: 340;
Mobile: +91-8777085233
Fax: 0091-44-24910872


Current  Position

 

 Assistant Professor in Economics

 

Area of interest: New Keynesian Macroeconomics, Business cycles and Inflation Dynamics, Fiscal and Monetary Policies, and Macro-econometric modelling

 

Previous Position

 

Research Consultant at Centre for Training and Research in Public Finance and Policy (CTRPFP), in Centre for Studies in Social Sciences, Calcutta (Jan 2016 - Aug 2017)

 

Associate Fellow at National Council of Applied Economic Research (NCAER), New Delhi (Sep 2013 - Dec 2015).

 

Education

 

PhD in Economics from School of Economics, Finance, and Business, University of Durham, UK (Oct 2009 - Jun 2013)

 

Master of Science in Project Planning & Development Policy Analysis from University of Glasgow, UK (Oct 2007 - Sep 2008)

 

Master of Science in Economics with Special Paper on Statistics & Econometrics from University of Calcutta, India (Sep 2004 - Aug 2006)

 

Bachelor of Science with Economics Honours from Ramakrishna Mission Vidyamandira, University of Calcutta, India (Sep 2001 - Aug 2004)

 

Research Paper

 

"Technology Shocks and Business Cycles in India" with Parantap Basu (2017),  forthcoming in Macroeconomic Dynamics, Cambridge University Press

 

"Empirical Regularities of Inflation Volatility: Evidence from Advanced and Developing Countries" (Jun 2017), forthcoming in South Asian Journal of Macroeconomics and Public Finance, SAGE  Publishing

 

Working Paper/ Conference Paper

 

"A Dynamic Stochastic General Equilibrium Model for India" with Parantap Basu, published as an NCAER Working Paper 109 (May 2015); New Delhi

 

"Welfare Cost of Inflation Volatility: Evidence from Advanced & Developing  Economies", Conference on Indian Macroeconomic Policy (Feb 2014), New Delhi, India. Available on:

       https://sites.google.com/site/delhimacrowg/conference-on-indian-

       macroeconomic-policy/conference-on-indian-macroeconomic-policy-2014

 

"Inflation Volatility and Activism of Monetary Policy", Centre for Economic Growth and Policy Working Paper (Nov 2013), Durham, UK. Available on:

      http://econpapers.repec.org/paper/durcegapw/2013_5f06.htm 

 

Book

Chapters

 

"Indian Economy During the Era of Quantitative Easing: A Dynamic Stochastic General Equilibrium Perspective" with Parantap Basu (Nov 2016), published in Monetary Policy in India: A Modern Macroeconomic Perspective, edited by Chetan Ghate and Kenneth Kletzer, Springer, New Delhi 

 

Completed Project Reports

 

Agricultural Outlook and Situation Analysis Reports: Rabi Outlook Report, with Rajesh Chadha,  Ayyapasore Govindan,  Laxmi Joshi,  V. P. Ahuja,  Charu Jain (Jan 2016), National Council of Applied Economic Research, New Delhi

 

Agricultural Outlook and Situation Analysis Reports, with Rajesh Chadha,  Ayyapasore Govindan,  Laxmi Joshi,  V. P. Ahuja,  Charu Jain,  Sameer Kumar Mondal (Sep 2015), National Council of Applied Economic Research, New Delhi

 

Contributed to "Price Chapter" in Malcolm Adiseshiah Mid-Year Review of the Indian Economy 2015-16 (Nov 2016), National Council of Applied Economic Research, New Delhi

 

Contributed to "Price Chapter" in Quarterly Review: Review of The Economy, (2014-15, and 2015-16), National Council of Applied Economic Research, New Delhi

 

Macro-econometric Modelling of Medium term Sustainable Fiscal Position, with Bornali Bhandari, Shashanka Bhide, Seema Sanghita, and Indira Iyer (Nov 2014), National Council of Applied Economic Research, New Delhi

 

Current Projects

 

Development Research Group (DRG) Study of the Reserve Bank of India on: "Role of Financial Frictions for Monetary Policy Transmission in India: A New Keynesian Analysis" (with Rakesh Arya, RBI; Sanjib Bardoloi, RBI; and Harendra Behera, RBI).

 

Planning and Policy Research Unit (PPRU) study on: "Why is the Aggregate Demand Channel of Monetary Transmission weak in India?" (with Chetan Ghate, ISI Delhi; Parantap Basu, University of Durham; Pawan Gopalakrishnan, RBI; Sargam Gupta, ISI Delhi) 

 

"Estimating Price Stickiness for the Indian Economy" (with Rudrani Bhattacharya, NIPFP)

 

"Examining Real and Financial Sector Linkages of the Indian Economy using Bayesian Estimation" (with Jayanthi Anand, RBI)

 

"Evaluating Inflation Volatility over Medium Run: A Cross-country Analysis" (with Debdulal Mallick, Deakin University)

 

"Inflation Volatility and Activism of Monetary Policy in Presence of Supply Side Channel" (with Sidheswar Panda, IIT Indore)

 

"Why is Inflation so Volatile in Developing Countries? A New Keynesian Explanation"

 

Grants and Research Funding

 

Received funding support from the Deakin University for presenting at Australasian Development Economics Workshop (Jun 2016).

 

Grant of GBP 80k received (with Renu Kohli) for the project entitled with "Financial Globalization in India: Opportunities, Challenges and Reform" from Foreign and Commonwealth Office, British High Commission (Jul 2014 to Jun 2015), New Delhi

 

Grant received of CAD 41.5k from Canadian International Development Research Centre for "Developing a Dynamic Stochastic General Equilibrium Model for the Indian Economy" (Sep 2014), New Delhi

 

Funded by Royal Economic Society to attend the Easter School at the University of Birmingham (Mar 2011), Birmingham, UK

 

Received Durham Academic Scholarship for Doctoral research (2009-10), University of Durham, UK

 

Visiting Positions

 

Guest Lecturer

Place: Reserve Bank Staff College, Chennai

Period of visit: Mar 2017 and May 2017

Course Taught: DSGE Modelling; Monetary Theory and Policy

 

Visiting Lecturer

Place: University of Gour Banga, Malda

Period of visit: Aug 2016

Course Taught: Advanced Macroeconomics

 

External Expert for DRG Study

Place: Reserve Bank of India, Mumbai

Period of visit: May 2016  

Job Responsibility: Developing a New Keynesian DSGE model with financial frictions to study monetary transmission mechanism in India

 

Seminar / Workshop / Conference Presentation

 

Australasian Development Economics Workshop (Jun 2016), Deakin University, Melbourne, Australia

 

11th Annual Conference on Economic Growth and Development (Dec 2015), Indian Statistical Institute, New Delhi, India

 

Research Workshop on DSGE Modeling for the Emerging and Developing economies (Sep 2014), NCAER, New Delhi, India

 

13th Annual Conference of European Economics and Finance Society (EEFS) (Jun 2014), Thessaloniki, Greece

Annual General Conference on Contemporary Issues in Development Economics (Jan 2014), Department of Economics, Jadavpur University, Kolkata, India

 

9th Annual Conference on Economic Growth and Development (Dec 2013), Indian Statistical Institute, New Delhi, India

 

11th Annual Conference of European Economics and Finance Society (EEFS) (Jun 2012), Istanbul, Turkey

 


79, Second Main Road, Gandhinagar, Adyar, Chennai - 600020, Tamil Nadu, INDIA

Phone: 0091-44-2441289 2411574 24412295 24419771. Fax: 0091-44-24910872. E-mail: office@mids.ac.in