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Parag Waknis
Parag Waknis is an assistant professor of economics at University of Massachusetts Dartmouth. He earned his M.Phil. in economics from Jawaharlal Nehru University (JNU) and Ph.D. in economics from University of Connecticut. His research focus is macroeconomics and monetary economics of developing economies. He has published articles on topics like seigniorage and optimal monetary policy, political economy of government spending choices, effects of demonetisation, and economics of gift giving in the Indian context. His current research is on informal economy and its implications for design of macroeconomic policies and for transmission of policy shocks. Courses taught include intermediate and advanced macroeconomics, monetary theory and policy, economic growth, and financial economics.
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Demonetisation, cattle slaughter ban, and India's cyclical agrarian crisis
In this article, Parag Waknis discusses why India’s rural economy is always on the precipice of crisis, and how the recent shocks of demonetisation and cattle slaughter ban exacerbated the crisis by destroying rural incomes and choking off farmer’s main source of emergency funding, respectively.
How India can reduce the size of its black economy
In this article, Parag Waknis contends that if the Indian government is serious about addressing the black economy, fundamental changes in the structure and organisation of the economy and politics are required.