Manufacturing is no longer an escalator for developing country growth. How can labor-absorbing services fill the gap?, from Dani Rodrik and Rohan Sandhu nber.org/papers/w32738

I am really looking forward to present my findings on taxation (deservedly a hot topic after the Budget) in front of distinguished experts And all in time for hopefully reform of personal income tax rates in the February Budget?!

Delighted to start today as Professor, Department of Economics, at Ashoka University, and as Director and Head of the Ashoka Isaac Center for Public Policy. Ashoka University Economics @ Ashoka

Thrilled to announce the release of the World Development Report 2024 by the World Bank! This report explores strategies for developing economies to avoid the "middle-income trap." It’s been an incredible journey collaborating with amazing colleagues, and I’m looking forward to

How can over 100 countries, including China and India, escape the “middle-income trap”? World Bank's latest World Development Report outlines how they can achieve faster, higher-quality, and lower-carbon-intensity growth. ➡️worldbank.org/wdr2024

Finance Minister Nirmala Sitharaman moves amendments to the Finance Bill 2024-25 including the contentious proposals on removal of indexation for capital gains on property. Now July 23rd, 2024 set as the cut-off date for the calculation of the capital gains versus the earlier

Notice the effect of Covid, in the Netherlands like in the US: significantly lower inequality in 2020 thanks to social transfers. LIS

Sharing a short-story [Fiction] on AI and Humans! Do give it a read! cacm.acm.org/opinion/triple…

*US 30-YEAR MORTGAGE RATES FALL TO 6.47%, LOWEST SINCE MAY 2023

Improving learning outcomes has become a national and global priority. But how will we know we have succeeded? What needs to be measured - foundational learning or critical thinking? Join us for an engaging discussion-register at ncaer.zoom.us/webinar/regist…

Indian 🇮🇳 businesses are concerned about heatwaves 🌡️

How costly is bad health? Here is a paper about it that we just published (my coauthors and I started talking about this project in 2012)… google.com/url?q=https://…

From The Economist, on house prices: "Economics 101 says that the price of a product moves inversely to its availability. If the country builds more homes, all things being equal, house prices should fall. But housing is more than just a product. It is also an asset whose

As Robert Shiller wrote in 2003, “home prices are sticky downward. That is, when excess supply occurs, prices do not immediately fall to clear the market.” Prices are high—vs incomes and rents—but are unlikely to fall. Instead, this relationship has corrected in the past

Watch my lecture at the Delhi School of Economics Diamond Jubilee tomorrow at 2:30 pm IST / 5:00 am EDT: youtube.com/live/KddKzYjDS…

My latest work, about why NYC is shrinking, reprinted in FT Alphaville (thanks Robin Wigglesworth) ft.com/content/6c4903…

Does transparency about banks’ lending costs lower firms’ borrowing co... sciencedirect.com/science/articl… My co-authored (with Nitin Vishen IIM B) research paper forthcoming in the Journal of Accounting and Economics. We show that transparency about banks' costs leads to lower lending

Both treatment and control started middle school today. Times flies like an arrow. (And fruit flies like a banana.)

Bank of Canada reduces policy rate by 25 basis points to 4¼% bit.ly/3ThXaYz #economy #cdnecon

This is interesting. (From Baumol, Blinder and Solow textbook.)