Shesadri Banerjee

Assistant Professor

Madras Institute of Development Studies 79, II Main Road, Gandhinagar, Adyar, Chennai 600020
Telephone: 0091-44-24412589 24411574 24420204 24419771; Extn: 340; Fax: 0091-44-24910872
E-mail: shesadri.banerjee@mids.ac.in / shesadri.banerjee@gmail.com
Web:
http://www.mids.ac.in/shesadri.htm
Mobile: +91-8777085233

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)

Work Experience

  • Assistant Professor in Economics, Madras Institute of Development Studies
  • 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).

Area of Research

New Keynesian Macroeconomics, Business cycles and Inflation Dynamics, Fiscal and Monetary Policies, and Macro-econometric modeling

Memberships

  • 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

Research Papers

  1. "Technology Shocks and Business Cycles in India" with Parantap Basu (2017), forthcoming in Macroeconomic Dynamics, Cambridge University Press
  2. "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

Book Chapters

  1. "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

Working Paper/ Conference Papers

  1. "A Dynamic Stochastic General Equilibrium Model for India" with Parantap Basu, published as an NCAER Working Paper 109 (May 2015); New Delhi
  2. "Welfare Cost of Inflation Volatility: Evidence from Advanced & Developing Economies", Conference on Indian Macroeconomic Policy (Feb 2014), New Delhi, India. Click here to Read

Mimeo/Personal Archives

  1. "Inflation Volatility and Activism of Monetary Policy", Centre for Economic Growth and Policy Working Paper (Nov 2013), Durham, UK. Click here to read

Completed Project Reports

  1. 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
  2. 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
  3. 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
  4. Contributed to "Price Chapter" in Quarterly Review: Review of The Economy, (2014-15, and 2015-16), National Council of Applied Economic Research, New Delhi
  5. 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

  1. 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).
  2. 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)
  3. "Estimating Price Stickiness for the Indian Economy" (with Rudrani Bhattacharya, NIPFP)
  4. "Examining Real and Financial Sector Linkages of the Indian Economy using Bayesian Estimation" (with Jayanthi Anand, RBI)
  5. "Evaluating Inflation Volatility over Medium Run: A Cross-country Analysis" (with Debdulal Mallick, Deakin University)
  6. "Inflation Volatility and Activism of Monetary Policy in Presence of Supply Side Channel" (with Sidheswar Panda, IIT Indore)
  7. "Why is Inflation so Volatile in Developing Countries? A New Keynesian Explanation"

Grants and Research Funding

  1. Received funding support from the Deakin University for presenting at Australasian Development Economics Workshop (Jun 2016).
  2. 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
  3. Funded by Royal Economic Society to attend the Easter School at the University of Birmingham (Mar 2011), Birmingham, UK
  4. Received Durham Academic Scholarship for Doctoral research (2009-10), University of Durham, UK

Seminar / Workshop / Conference Presentation

  1. Australasian Development Economics Workshop (Jun 2016), Deakin University, Melbourne, Australia
  2. 11th Annual Conference on Economic Growth and Development (Dec 2015), Indian Statistical Institute, New Delhi, India
  3. Research Workshop on DSGE Modeling for the Emerging and Developing economies (Sep 2014), NCAER, New Delhi, India
  4. 13th Annual Conference of European Economics and Finance Society (EEFS) (Jun 2014), Thessaloniki, Greece
  5. Annual General Conference on Contemporary Issues in Development Economics (Jan 2014), Department of Economics, Jadavpur University, Kolkata, India
  6. 9th Annual Conference on Economic Growth and Development (Dec 2013), Indian Statistical Institute, New Delhi, India
  7. 11th Annual Conference of European Economics and Finance Society (EEFS) (Jun 2012), Istanbul, Turkey

Available on request

79, Second Main Road, Gandhinagar, Adyar, Chennai - 600020, Tamil Nadu, INDIA
Phone: 0091-44-24412589 24411574 24420204 24419771. Fax: 0091-44-24910872. E-mail: admin@mids.ac.in