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Parantap Basu
Parantap Basu is Professor of Macroeconomics at the Durham University Business School, UK. Prior to joining Durham, Professor Basu held positions at Fordham University and Case Western Reserve University in the US. He has held visiting positions for research and teaching at various universities and research institutes, which include University of Essex in the UK, Tilburg University in the Netherlands, University of Sydney in Australia, Auckland University in New Zealand, Indira Gandhi Institute of Development Research (IGIDR) in India, Federal Reserve Banks in Minneapolis and St Louis in the US. He served on the scientific committee of an EU sponsored project in 2010-11, and as a Senior Research Consultant at the National Council of Applied Economic Research (NCAER) in 2014. Professor Basu has published widely in various fields of macroeconomics which include macrofinance, growth and development, and business cycle theory
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An illusory Phillips curve: Is now the right time for a rate hike?
The Phillips curve represents an inverse relationship between inflation and unemployment. In this post, Parantap Basu argues that the ‘illusory’ Phillips curve in western industrial nations is driven by a withdrawal from the workforce rather than a demand boom. He contends that now might not be the ideal time for central banks across the world to hike rates, as this has the potential to worsen existing supply-side issues and stagflation.
जनसंख्या की आयु संरचना और कोविड-19
नए कोविड-19, विकासशील देशों की तुलना में पश्चिमी विकसित देशों को अधिक प्रभावित कर रहा है। इस पोस्ट में, बसु और सेन ने दिखाया हैं कि कोविड-19 से हुए हताहत लोगों की संख्या उन देशों में अधिक है जहां बुजुर्ग लोगों की आबादी ज्यादा है, इसलिए यह सवाल उठता है कि क्या कठोर लॉकडाउन भारत के लिए उपयुक्त व्यावहारिक नीति है जहां बुजुर्ग आबादी का अनुपात कम है।
Age composition of population and Covid-19
The novel Covid-19 is affecting the advanced countries in the Western Hemisphere disproportionately more than developing countries. In this post, Basu and Sen show that Covid-19 casualty is higher in countries where there is a large ageing population, and therefore question whether a draconian lockdown is a practical policy for India going forward, where the proportion of elderly population is low.