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Debasis Rooj
Debasis Rooj is an Associate Professor of Economics at the FLAME University. Before joining FLAME, he was an Associate Fellow at the Institute for Human Development, Ranchi, India. He has also provided research support for the Economic Survey of Jharkhand 2015-16 and 2018-19, Government of Jharkhand. He was also a part of a Government of Jharkhand sponsored evaluation program on creating awareness about protecting the environment and biodiversity.
He holds a Ph.D. from Northern Illinois University.
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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.
