This paper studies reputational constraint in a monetary policy game. The paper extends the standard Barro-Gordon model by considering a continuum of types of policy maker and exogenous disturbances and/or control errors in money supply. A sequential Nash equilibrium of this game shows that it...

Over the past two decades, the issue of equilibrium indeterminacy has been one of the major research concerns in macroeconomic dynamics. Growth and Business Cycles with Equilibrium Indeterminacy discusses the main topics in this literature. Based on comprehensive surveys and the author’s...

India as a Diverse Society - The Development Pathways of South Asia -- Economic Growth and Structural Change: The Case of India -- On the Social Environment and Economic Growth in India -- Happiness and Social Capital in India -- What affects women’s happiness in India -- Happiness and...