Karan Bhasin
@karanbhasin95
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Doctoral Candidate (Econometrics & Quantitative Economics). Researcher; Rationalist; Liberal; Economics. RTs not endorsements. Views Personal.
New York, USA
Joined April 2010
In our guest post for @Noahpinion, @LounganiPrakash and I tackle a 70-year-old puzzle: How can India industrialise?. Spoiler: Services thrive because the government mostly leaves them alone. What if we tried the same hands-off magic for industry?.
noahpinion.blog
A guest post by Prakash Loungani and Karan Bhasin.
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RT @CafeEconomics: A good essay by @PrakashLoungani & @karanbhasin95. They compare Indian industrial policy to a chef who uses a good reci….
noahpinion.blog
A guest post by Prakash Loungani and Karan Bhasin.
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In this week’s Business Today, a classic @LounganiPrakash piece breaks down India’s path to high-income status. Simple, sharp, and accessible—even for non-economists.
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RT @Noahpinion: How can India accelerate the growth of its manufacturing industries? Karan Bhasin and Prakash Loungani have some thoughts:….
noahpinion.blog
A guest post by Prakash Loungani and Karan Bhasin.
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RT @RahulBajoria_: A very thoughtful read by @karanbhasin95 and @LounganiPrakash on India’s stop start industrialisation efforts.
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RT @frederikmarain: Arguably the most interesting economic story of the coming years. Very good basic introduction by @andrewbatson. India….
andrewbatson.com
In June I went to India for the first time. It was a quick trip, just a week, but I still got a pretty intense introduction to current debates on the Indian economy at the India Policy Forum in Del…
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RT @frederikmarain: Look who agrees: @Noahpinion: "I really believe that Indian industrialization is one of the most important stories in t….
noahpinion.blog
A guest post by Prakash Loungani and Karan Bhasin.
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RT @Noahpinion: In a Noahpinion guest post, @karanbhasin95 and @LounganiPrakash explain what they think India needs to do in order to turbo….
noahpinion.blog
A guest post by Prakash Loungani and Karan Bhasin.
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RT @amorygethin: Incredibly happy to see my paper forthcoming in @QJEHarvard! I quantify how much of worldwide growth and poverty reduction….
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RT @IMFNews: Most of the global population decline over the next 25 years will happen in Asia and Europe. China may shrink by over 150 mill….
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[New Paper Alert] In a recent paper [with @surjitbhalla and @LounganiPrakash ], we examine whether adoption of inflation targeting in India had positive effects on macroeconomic outcomes.
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RT @GoIStats: Ministry of Statistics and Programme Implementation (MoSPI) will conduct a nationwide Household Income Survey in 2026—the fir….
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RT @Pramodph2019: Good that the plan is to track it quarterly. Hope all these inputs will be used in GDP calculations (even quarterly ones)….
moneycontrol.com
Annual Survey of Unincorporated Sector Enterprises (ASUSE) is being planned to be released quarterly instead of the current annual release
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RT @c_aashish: All studies on India's extreme poverty reduction have the same conclusion - of a rapid downtrend. Numbers vary a bit across….
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RT @surjitbhalla: Stan Fischer - A Three Dimensional Bradman, a pinnacle reached by very few – indeed I don’t know of any other. First, he….
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RT @voxeu: An assessment of the performance of #inflation targeting.Surjit S. Bhalla @GoIStats, Karan Bhasin @ualbany, @LounganiPrakash @Jo….
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RT @martin_anota: An assessment of the performance of inflation targeting.(Prakash Loungani et alii).
cepr.org
Since 1989, most central banks around the world have adopted an inflation targeting regime. This column argues that credit for how much inflation targeting (IT) contributed to the pre-2021 decades of...
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We compare a country with IT with a synthetic counterpart ('twin') that did not adopt IT but displays similar characteristics such as similar dynamics of inflation. In six out of 23 cases, IT significantly (light blue colour) lowered inflation.
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An equally interesting phenomenon is the similar dynamics of inflation for inflation targeting (IT) and non-IT countries. We see this by looking at the median inflation for IT and non-IT countries across AEs and EMDEs.
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Ball & Sheridan (2004) argue that this decline is due to "regression to the mean" and not necessarily causal. Their conclusion still holds with an additional decade of data. We show this in Figure 2 here.
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