7 August 2014: The Effect of Quantitative Easing on Financial Flows to Developing Countries

Sanket Mohapatra
The World Bank

Abstract:
Following the 2008 global financial crisis, central banks in high-income countries led by the U.S Fed embarked on unprecedented monetary policy easing. These quantitative easing (QE) policies more than quadrupled the U.S Fed’s balance sheet within a short span of five years. Sanket will discuss the implications of QE for financial flows to developing countries, finding evidence for potential transmission along observable liquidity, portfolio balancing, and confidence channels—as well as additional effects over and above these observable channels. He will also discuss the different impact of QE on different types of flows: portfolio (especially bond) flows tended to be significantly more sensitive than foreign direct investment. Mohapatra will also present simulations to explore the potential effects of QE withdrawal on financial flows to developing countries.

Date: August 7, 2014
Time: 03:30 P.M.

Venue:
NCAER Conference Room
National Council of Applied Economic Research
Parisila Bhawan, 11, Indraprastha Estate
New Delhi-110002(INDIA)

Location:

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Note:
Please join us for tea and hot snacks after the seminar. For queries, please contact Ms Sudesh Bala at sbala@ncaer.org or on 011-2345-2669.

28 July 2014: Short-term Migration and Rural Workfare Programs: Evidence from India

Clement Imbert
Oxford University

Abstract:
We study the effect of a large rural workfare program on short-term migration from rural to urban areas of India. Using cross-state variation in public employment provision for identification, we find that participation to the program significantly reduces short-term migration. We next use survey data from a high out migration area to estimate a structural model of migration decisions which suggests that the costs of migration may be as high as 60% of daily earnings outside of the village. Finally, we use nationally representative data to estimate the impact of the program on urban labor markets and find that wages increase in urban centers which rely on migration from rural districts where more public employment is provided.

Date: July 28, 2014
Time: 03:00 P.M.

Venue:
Seminar Room (First Floor)
Department of Economics,
Delhi School of Economics,
New Delhi-110007(INDIA)

Location:

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22 July 2014: Capital Market Financing, Firm Growth, and Firm Size Distribution: Evidence from China, India, and the Rest of the World

Sergio Schmukler
The World Bank, Washington DC

Date: July 22, 2014
Time: 04:00 P.M.

Venue:
Conference Hall (Classroom), Ground Floor, R&T Building
National Institute of Public Finance and Policy,
18/2 Satsang Vihar Marg, Special Institutional Area,
New Delhi-110067(INDIA)

Location:

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Note:
Those who are interested may please confirm your participation to Ms. Suhasini Prasad at suhasini.prasad@nipfp.org.in latest by Tuesday, 21st July 2014

9 July 2014: Democracy and Expertise

Robert C. Post
Yale Law School

Date: July 9, 2014
Time: 11:30 A.M.

Venue:
Conference Hall
Centre for Policy Research,
Dharma Marg, Chanakyapuri,
New Delhi–110021(INDIA)

Location:

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