Macroeconomic Aspects
In recent years, research on several macroeconomic issues has gained momentum at NIPFP. Broadly, these issues can be categorized into two groups: (1) analytical and policy questions in monetary and financial policy, with an emphasis on the open economy aspects including capital controls, capital flows, the exchange rate regime, and the consequences of India's deepening internationalization, and (2) issues on macro-fiscal linkages, inflation, financial access, debt-deficit dynamics, fiscal multipliers, growth vs inclusion, exports revival, other macro policy simulations and forecasting. Research on these issues is being carried out in close coordination with the Planning Commission, Ministry of Finance, and the Reserve Bank of India. Output of these activities includes academic journal papers, policy papers, public policy advocacy, technical support for policy implementation and drafting of law.