Prof. Ajay Shah studied at IIT, Bombay, and USC, Los Angeles. He has held positions at the Centre for Monitoring Indian Economy (CMIE), Indira Gandhi Institute for Development Research (IGIDR), Department of Economic Affairs at the Ministry of Finance, and National Institute for Public Finance and Policy (NIPFP). He is now Co-Founder at XKDR Forum. His research is at the intersection of economics, law and public administration. His second book, co-authored with Dr. Vijay Kelkar, ‘In service of the republic: The art and science of economic policy’, featured in Bloomberg’s global ‘2020 Best Books on Business and Leadership’. His work can be accessed on his home page.
Publications
In Service of the Republic: The Art and Science of Economic Policy, with Vijay Kelkar. 2022. India Penguin. ISBN: 9780143459828. In Service of the Republic
Selection of Value‐at‐Risk models, with Mandira Sarma & Susan Thomas. 2003. Journal of Forecasting. 22(4), 337-358. Selection of Value‐at‐Risk models
India’s experience with capital flows: The elusive quest for a sustainable current account deficit, with Ila Patnaik. In Capital Controls and capital flows in emerging economies: Policies, practices, and consequences (pp. 609-644). 2007. University of Chicago Press. India’s Experience with Capital Flows: The Elusive Quest for a Sustainable Current Account Deficit
Testing, monitoring, and dating structural changes in exchange rate regimes, with Achim Zeileis & Ila Patnaik. 2010. Computational Statistics & Data Analysis, 54(6), 1696-1706. Testing, monitoring, and dating structural changes in exchange rate regimes
The Indian IPO market: empirical facts. 1998. SSRN. The Indian IPO market: empirical facts
Monetary policy transmission in an emerging market setting, with Ila Patnaik & Rudrani Bhattacharya. 2011. International Monetary Fund. Monetary policy transmission in an emerging market setting
