Materials from first research meeting are fully done

The web page for the first research meeting of 4 and 5 December is fully updated with PDF files for all the slideshows and papers, and we have some photographs also. What are shown are thumbnails; if you click on any of them, you get the underlying full resolution image file.

Article in Business Standard that mentions the 1st Research Meeting

Shankar Acharya, who is member of the advisory board of this program, has mentioned the dinner talk by Barry Eichengreen which was part of the first research meeting of the program in his article in Business Standard today.

First research meeting

The program of the first research meeting, 4 and 5 December 2007, is now up on the website.

Talk on managing large capital inflows

Please see the announcement on the program web page.

Talk on the interplay of macroeconomic analysis and financial regulation and supervision

On Friday the 12th, from 11 AM to 1:30 PM, we have organised an interesting talk on the interplay of macroeconomic analysis and financial regulation.

The speaker is Sarah Carlson who works at the UK Financial Services Authority (FSA). She is the manager of the Global Risk & Risk Aggregation team which is responsible for carrying out FSA's macroeconomics research and analysis. The team produces risk-focused research and analysis of global and environmental risks across the whole range of FSA's activities. She was earlier an Asia economist and has a special interest in Asia.

Her talk is titled : Risk-based regulation in the UK: Where does macroeconomic analysis fit into the picture? She would be talking about the innovative ways in which the FSA integrates macro and market analysis into its supervisory work. She would also profile some of the tools that FSA has developed that help in obtaining unique insights into the ways in which developments in the real economy can affect the FSA's regulatory remit.

The venue is Committee Hall VI at IIC. It's on the first floor adjacent to the Rock Garden. The time is from 11 to 1:30. We look forward to seeing you there.

Story in Economic Times

Economic Times carried a story about the establishment of the program.

Paper on de facto exchange rate regimes

Exchange Rate Regime Analysis Using Structural Change Methods by Achim Zeileis, Ajay Shah, Ila Patnaik. The abstract reads:

Regression models for de facto currency regime classification are complemented by inferential techniques for tracking the stability of exchange rate regimes. Several structural change methods are adapted to these regressions: tools for assessing the stability of exchange rate regressions in historical data (testing), in incoming data (monitoring) and for determining the breakpoints of shifts in the exchange rate regime (dating). The tools are illustrated by investigating the Chinese exchange rate regime after China gave up on a fixed exchange rate to the US dollar in 2005 and to track the evolution of the Indian exchange rate regime since 1993.

Four slideshows on open economy macroeconomics

PDF files with four slideshows done at the Ministry of Finance in July 2007 are on the website. The titles are: (1) The currency regime (2) Capital controls (3) Monetary policy and (4) Policy issues.

Guest book

This is space for comments of a general nature.