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Chetan Ghate
Chetan Ghate is a Professor in the Economics and Planning Unit, Indian Statistical Institute, Delhi. His main areas of research are macroeconomics, monetary economics, and growth and development. He received his Ph.D. in Economics from Claremont Graduate University, California; Masters in Economics from the Delhi School of Economics, India; and B.A. in Economics from Colorado College (USA).He is a recipient of the 2014 Mahalanobis Memorial Gold Medal in Economics awarded by the Indian Econometric Society (TIES). He has held visiting faculty positions at the Colorado College, the German Institute of Economic Research (DIW), University of Sydney, Deakin University, and Claremont Graduate University. His recent work has appeared in World Development, Economic Modelling, and the Journal of Economic Asymmetries. He edited The Oxford Handbook of the Indian Economy (OUP New York, March 2012) which was elected as one of CHOICE's "Outstanding Academic Titles for 2012." In May 2011, he was a recipient of a Rockefeller Foundation academic residency in Bellagio, Italy. From February 2013 - September 2016, he was a member of the Technical Advisory Committee (TAC) for monetary policy at the Reserve Bank of India. In September 2016, he was appointed to the Monetary Policy Committee of the Reserve Bank of India by the Government of India.
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Terms of trade shocks and monetary policy in India
Understanding monetary policy design in emerging markets and developing economies is a growing area of research. One aspect that is missing is how distortions in the agricultural sector translate into output and inflation dynamics, and the implications this has for setting monetary policy.
Are grain procurement shocks inflationary?
Central banks in emerging markets grapple with understanding the inflationary impact of grain procurement shocks because the precise link between the agriculture sector and the rest of the economy may not be well understood. This column presents a framework to understand how the government’s grain procurement policy in India can be inflationary, and what the appropriate monetary policy response should be.
Will India really grow faster than China?
According to the IMF, India will overtake China to be the fastest growing economy this year. In this article, Chetan Ghate and Peter Robertson assess the validity of this claim. In their view, the challenge for India is to not only catch up with China, but to also catch up with itself. Strong democratic institutions and the right economic reforms can work in India’s favour.
Understanding India's unbalanced growth
Growing regional disparities in India are a cause for concern. But little is known about the relative importance of possible reasons for the varied growth experiences across the country. This column explores growth imbalances among Indian districts. Proximity to cities, infrastructure, degree of urbanisation and state government policies are found to be key determinants.