People
Professor Parantap Basu
BA, MA, PhD
Professor of Macroeconomics
Parantap is Director of the Centre for Economic Growth and Policy.
Biography
Prior to joining Durham, Professor Basu held positions at Fordham University and Case Western Reserve University in the United States. 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 NewZealand, Indira Gandhi Institute of Development Research In India, Federal Reserve Banks in Minneapolis and St Louis in the United States. 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 in 2014. Professor Basu has published widely in various fields of Macroeconomics which include Macro-Finance, Growth and Development, Business Cycle Theory. At Durham Parantap is the Director of the Centre for Economic Growth and Policy Centre for Economic Growth and Policy. He teaches Macroeconomics and International Finance.
Research Interests
- Asset Pricing
- Growth and Inequality
- Business Cycles
Research Groups
Publications
- Banerjee, Shesadri & Basu, Parantap (2016). Indian Economy During the Era of Quantitative Easing: A Dynamic Stochastic General Equilibrium Perspective.. In Monetary Policy in India: A Modern Macroeconomic Perspective. Ghate, Chetan & Kletzer, Kenneth M. Cham: Springer. 549-580.
- Basu, P. (2009). Too Hungry to Read: Is an Education Subsidy a Misguided Policy for Development? In Handbook of Research in Cost Benefit Analysis. Brent, R.J. Edward Elgar Publishing Limited.
- Banerjee, S. & Basu, P. (2017). Technology Shocks and Business Cycles in India.. Macroeconomic Dynamics
- Basu, P. & Gavin, W.T. (2017). Negative Correlation between Stock and Futures Returns: An Unexploited Hedging Opportunity?. Bulletin of Economic Research 69(3): 209-215.
- Banerji, S. & Basu, P. (2017). Universal Banking, Asymmetric Information and the Stock Market.. Economic Modelling 60: 180-193.
- Basu, P. & Sarkar, A. (2016). Partial Inflation Indexation and Long-run Inflation Targeting in a Growing Economy: A Comparison of Calvo and Rotemberg Pricing Models. Journal of Macroeconomics 50: 293-306.
- Banerji, S. & Basu, P. (2015). Borrower’s moral hazard, risk premium, and welfare a comparison of universal and stand-alone banking systems.. The Journal of economic asymmetries 12(1): 61-72.
- Basu, P. & Getachew, Y. (2015). An adjustment cost model of social mobility.. Journal of Macroeconomics 44: 177-190.
- Basu, P. & Kollmann, R. (2013). Productive Government Purchases and the Real Exchange Rate. The Manchester School 81(4): 461-469.
- Basu, P. & Bhattarai, K.R. (2012). Cognitive Skills, Openness and Growth.. Economic Record 88(280): 18-38.
- Basu, P., Gillman, M. & Pearlman, J. (2012). Inflation, Human Capital and Tobin's q. Journal of Economic Dynamics and Control 36(7): 1057-1074.
- Basu, P. & Bhattarai, K.R. (2012). Government Bias in Education, Schooling Attainment and Long-run Growth. Southern Economic Journal 79(1): 127-143.
- Basu, P. & Thoenissen, C. (2011). International business cycles and the relative price of investment goods. . Canadian Journal of Economics 44(2): 580-606.
- Basu, P. & Gavin, W.T. (2011). What explains the growth in commodity derivatives?. Federal Bank of St. Louis Review 93(1): 37-48.
- Basu, P., Semenov, A. & Wada, K. (2011). Uninsurable Risk and Financial Market Puzzles. . Journal of International Money and Finance 30(6): 1055-1089.
- Basu, Parantap & Appelbaum, E. (2010). A New Methodology for Studying the Equity Premium.. Annals of Operations Research 176(1): 109-126.
- Basu, P. (2010). Government Purchases and the Real Exchange Rate: A Comment.. Open Economies Review 21(1): 65-67.
- Basu, P. (2009). Understanding Labour Market Frictions: An Asset Pricing Approach.. Bulletin of Economic Research 61(4): 305-324.
- Basu, P. & Guariglia, A. (2008). Does Low Education Delay Structural Transformation? . Southern Economic Journal 75(1): 104-127.
- Basu, P. & Guariglia, A. (2007). Foreign Direct Investment, inequality and growth. Journal of Macroeconomics 29: 824-839.
- Basu, P. & Renstrom, T.I. (2007). Optimal Dynamic Labour Taxation. Macroeconomic Dynamics 11: 567-588.
- Basu, P & Wada, K. (2006). Is low international risk sharing consistent with a high equity premium? A reconciliation of two puzzles.. Economics Letters 93(3): 436-442.
- Basu, P. & Bandyopadhyay, D. (2005). What drives the cross-country growth and inequality correlation?. Canadian Journal of Economics = Revue canadienne d'économique 38(4): 1272-1297.
- Basu, P., Chakraborty, C. & Reagle, D. (2003). Liberalization, FDI and growth in developing countries: A panel cointegration approach.. Economic Inquiry 41(3): 510-516.
- Basu, P. & Guariglia, A. (2002). Liquidity constraints and the firms' investment return behavior.. Economica 69(276): 563-581.
- Basu, P. & Samanta, P. (2001). Volatility and stock prices Implications from a production model of asset pricing. Economics Letters 70(2-3): 229-235.
- Basu, P. (2001). Seigniorage, reserve ratio and growth. Journal of Macroeconomics 23(3): 397-416.
- Basu, P & Wada, K (2018). Unconventional Monetary Policy and the Bond Market in Japan: A New-Keynesian Perspective. Bank of Japan IMES Discussion Paper 2018-E-12.
Chapter in book
Journal Article
Working Paper
Contact Details
Professor of Macroeconomics
+44 191 3346360
