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Anurag Banerjee
Anurag Banerjee is an Assistant Professor at the Jindal School of Banking and Finance. He earned his Ph.D and M.Phil in Banking from the University of Calcutta. He also has an M.Com and B.Com (Honours) with specialisation in Accounting and Finance from the same university.He previously worked as an Assistant Professor in Accounting and Finance at the Delhi School of Business. He has served as a Teaching Assistant at IIM-Calcutta (2017-2018) and IIM-Visakhapatnam (2021-2022) for their flagship PGP and PGPEX courses in the domain of Accounting and Finance. He also worked as a Research Assistant with Flame University, Pune on a Working Paper Series with the Asian Development Bank Institute. His research interests include unit-level data analysis and policy implications of the Reserve Bank of India, specifically household wealth and consumer sentiments.
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How financial stress impacts consumer confidence
The financial turmoil of 2008 and the subsequent recession amplified the association between vulnerabilities in the financial markets and the real economy. Examining the behavioural responses of Indian households to financial stress, this article finds that rising financial stress raises household pessimism about the economy – more substantially affecting current perceptions than future outlooks. Further, the impact varies by demographic characteristics such as income and education.
