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Violence against women (VAW) is now acknowledged as a global problem with substantial macroeconomic costs. This is a “shadow pandemic”. Prior to the global contagion of Covid-19, the global cost of VAW had been estimated at approximately $1.5 trillion.
Growing VAW is one of the greatest …
Ecological Fiscal Transfers after Covid19
25/01/2021

(Co-authored with Amandeep Kaur and Divy Rangan)
Climate change commitments require long term fiscal policy instruments, such as climate responsive budgeting and ecological fiscal transfers . In India we have Climate Action Plans at national and subnational government levels. However, a roadmap towards comprehensive climate responsive …
Why Output Gap is controversial
28/12/2020

(Co-authored with Amandeep Kaur)
The macroeconomic uncertainty in times of COVID-19 pandemic is hard to measure. Economists and policymakers use the variable “output gap” to capture the “slack”. It is a deviation between potential output and actual output, which is a standard representation of a “cycle”. …
Agriculture as a shock-absorber
14/12/2020
The slew of agricultural reforms initiated by the government has led to a vigorous discussion in the media about the pros and cons of these policy changes. Most of these discussions have focussed on agriculture as an activity that provides farmers with a regular source of income. The arguments …

(co-authored with Debasri Mukherjee)
The developing world has succeeded in significantly reducing the prevalence of under-nourishment over the last three decades compared to India [See Figure 1]. However, during this time the share of wasted (having low weight-for-height) children in India has remained around 20 percent. …