Rajendra N. Paramanik
Rajendra N. P.  
Rajendra N. Paramanik
Assistant Professor (Economics and Finance)
Ph.D. in Economics (University of Hyderabad)
mail : This email address is being protected from spambots. You need JavaScript enabled to view it.This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Ph: 0612-302 8737
Personal Webpage : https://sites.google.com/view/rajendranparamanik/home
Research Areas/Areas of Interest : Macroeconomics, Time Series Analysis and Financial Econometrics
Other Interests : History and Literature
Courses taught at IITP :
  • Financial Economics
  • Financial Analytics
  • Introductory Microeconomics
  • Introductory Macroeconomics
No. of PhD Students :
  • Kundan Kumar (Global Financial Cycle and Business Cycle Nexus)
  • Youkta Kumari (Health Economics)
  • Zeeshan N. Ansari (Indian Business Cycle)
  • Spandan Banerjee (Monetary Policy Communication)
Professional Experience  
  • Assistant Professor, Economics and Finance, IIT Patna, Bihar (Since December 2017)
  • Assistant Professor, Economics and Finance, BITS Pilani, Rajasthan (September 2016 - November, 2017)
  • Assistant Professor, Economics and Finance, SSSIHL, Andhra Pradesh (January - 2016 - September 2016)

Invited Guest lectures-

  • Time Series Analysis and Financial Econometrics at Gokhale Institute of Politics and Economics, Pune during Winter Semester (July-December) 2015.
  • Applied Econometrics (Quantitative and Statistical Analysis in Economics) at Pondicherry Central University during 29-30 October, 2015

Invited Resource Person for Workshop-

  • Statistical Technique in Social Science Research at Central University of Arunachal Pradesh during 2-6 December, 2015
  • Gokhale Institute of Politics and Economics, Pune for Financial Modeling and its application workshop during 29 August-4 September, 2016
Awards & Honours/ Fellowship  
  • Reserve Bank of India (RBI) Faculty Fellowship for the year 2022
  • Best Teacher award- 2018 (UG courses-HSS Dept.) at IIT Patna
  • Invited Research Scholar in International Delhi Economics Conclave (14-15 December, 2012) Organized by Ministry of Finance, India, NIPFP and CIII in New Delhi.
Member of Professional bodies :
  • Editorial Board member of Modern Management Forum (Singapore)
  • Reviewer of Journal of Quantitative Economics (Springer)
  • Reviewer of Journal of Global Entrepreneurship Research (Springer)
Book Published : Studies in International Economics and Finance (Springer) Ed. 2022
Book Chapters :
  • Neoliberalism in the Emerging Economy of India: The Political Economy of International Trade, Investment and Finance Pages 140 – 172, Routledge, Taylor and Francis Inc. July 2021
    https://www.taylorfrancis.com/chapters/edit/10.4324/9781003131762-11/india-recent-slowdown-neoliberal-regime-accumulation-saswata-guha-thakurata-rajendra-paramanik
  • Nexus Between Financial Cycle and Business Cycle in India, Accounting, Finance, Sustainability, Governance and Fraud, Springer Cham, Pages 15 – 27, 2020
    https://www.springerprofessional.de/en/nexus-between-financial-cycle-and-business-cycle-in-india/18626362
  • Long Memory and Correlation Structures of Select Stock Returns Using Novel Wavelet and Fractal Connectivity Networks, Studies in International Economics and Finance. India Studies in Business and Economics. Springer, Singapore.
    https://doi.org/10.1007/978-981-16-7062-6_30
  • A New Keynesian AD-AS Model for India, Incorporating the Effect of Covid-19 Pandemic, Studies in International Economics and Finance. India Studies in Business and Economics. Springer, Singapore.
    https://doi.org/10.1007/978-981-16-7062-6_2
  • Direction of Trade, Exchange Rate Regimes, and Financial Crises: The Indian Case, Analytical Issues in Trade, Development and Finance. India Studies in Business and Economics. Springer.

    https://doi.org/10.1007/978-81-322-1650-6_6
  • Perceived health status among elderly in India: a step towards attaining the Sustainable Development Goal: Public Policies and Sustainable Development in Post-Reform India: Regional Responses and the Way Forward, Springer Nature, (Forthcoming)
    https://link.springer.com/book/9789819936953
Working Papers :
  • Chorus in the Cacophony: Dissent and Policy Communication of India’s Monetary Policy Committee, IGIDR WP-2023-003
    http://www.igidr.ac.in/pdf/publication/WP-2023-003.pdf
  • An aggregate level Macro-Model for Indian Economy, ADBI Working Paper Series, No-1201, 2020
    https://www.adb.org/sites/default/files/publication/660111/adbi-wp1201.pdf
  • Role of Social Network in Waiting Time Prioritization: Evidence from India, Annual Meeting of Population Association of America, P4-79, 2022
    https://paa.confex.com/paa/2022/meetingapp.cgi/Paper/27277
Publications :
  • Chorus in the Cacophony: Dissent and Policy Communication of India’s Monetary Policy Committee, Applied Economic Letters, Taylor and Francis, 2023
    https://doi.org/10.1080/13504851.2023.2208823
  • Dynamic Connectedness among Business Cycle, Financial Cycle, and Policy Uncertainty Index in India, Advances in Decision Sciences, vol. 26(4), pages 127-146, 2022
    https://doi.org/10.47654/v26y2023i4p127-146
  • Role of entrepreneurship in social enterprises and master weaver enterprises: case of handloom weaving industry, India, International Journal of Entrepreneurship and Small Business, Indrscience Journal, (Forthcoming)
    https://www.inderscience.com/info/ingeneral/forthcoming.php?jcode=ijesb
  • Does Digital Awareness reduce Misreporting of Covid-19 Data? An Empirical Investigation: Review of Economic Analysis, University of Waterloo Journal (Forthcoming)
  • Financial cycle, business cycle, and policy uncertainty in India: An empirical investigation. Bulletin of Economic Research, Wiley & Sons Vol: 74, pages-825–837, 2022
    https://doi.org/10.1111/boer.12320
  • Convergence analysis of health expenditure in Indian states: Do political factors matter? GeoJournal Springer Open, Vol: 87, pages-1469–1478, 2022
    https://doi.org/10.1007/s10708-020-10313-1
  • Epidemiological model for India's COVID-19 Pandemic. Journal of Public Affairs. Wiley & Sons , 2021
    https://doi.org/10.1002/pa.2639
  • Sentiment Analysis of Indian Stock Market Volatility, Procedia Computer Science, Elsevier, Vol: 176 pages-330–338, 2020
    https://doi.org/10.1016/j.procs.2020.08.035
  • Nexus between Indian economic growth and financial development: A non-linear ARDL approach, The Journal of Asian Finance, Economics, and Business (Korea D Science Association), Volume-7, Issue-6, Pages-109-116, 2020
    https://doi.org/10.13106/jafeb.2020.vol7.no6.109
  • Sustainability of Public Debt: An Analytical Framework, Artha Vjnana, Gokhale Institute of Politics and Economics Journal, Volume-61, Issue- 3, pages- 239-260, 2019
    https://doi.org/10.21648/arthavij%2F2019%2Fv61%2Fi3%2F185876
  • Revisiting Kuznets Curve for selected ASEAN Economies”- Empirical Economic Letter, Vol-17, No-20, 2018 http://www.eel.my100megs.com/volume-17-number-12.htm
  • An empirical analysis of Indian business cycle dynamics, Economic Annals, University of Serbia, Volume 62, Issue 213, Pages: 7-25, 2017
    https://doi.org/10.2298/EKA1713007P
  • A Structural Vector Autoregression Model for Monetary Policy Analysis in India, Margin-NCAER Journal, Sage Publisher, Volume-8, Issue- 4, pages- 401-429, 2014
    https://doi.org/10.1177/0973801014544580
  • Microfinance impact on women’s decision making: a case study of Andhra Pradesh, Journal of Global Entrepreneurship Research, Springer Open, volume 4(11), pags-1-13, 2014
    https://doi.org/10.1186/s40497-014-0011-6
Public Article in Newspapers :
  • Why National Pension Scheme must be modified, not shelved: The Economic Times, 6th March, 2023
    https://economictimes.indiatimes.com/opinion/et-commentary/why-national-pension-scheme-must-be-modified-not-shelved/articleshow/98460131.cms
  • MPC's communication: How disparate perspectives can bring about better & more informed outcomes: The Economic Times, 28th November, 2022
    https://economictimes.indiatimes.com/opinion/et-commentary/mpcs-communication-how-disparate-perspectives-can-bring-about-better-more-informed-outcomes/articleshow/95836405.cms
  • 30 years on, economic reforms paid off: The Hindu Business Line, 10th September, 2021
    https://www.thehindubusinessline.com/opinion/30-years-on-economic-reforms-have-paid-off/article36386547.ece
  • Why Covid was harder on big economies? The Hindu Business Line, 16th June, 2021
    https://www.thehindubusinessline.com/opinion/why-covid-was-harder-on-big-economies/article34823656.ece
  • Economy showing symptoms of stagflation, The Hindu Business Line, 30th May, 2021
    https://www.thehindubusinessline.com/opinion/economy-showing-symptoms-of-stagflation/article34683323.ece
Presentations :
  • Presented a paper titled- “Analysis of Business Cycle Synchronicity between India and ASEAN Economies” in a national seminar in Central University of Kerala-16-18 December, 2013
  • Presented a paper titled- “A Leading Composite Indicator for Indian Business Cycle Analysis” in IGIDR (Reserve Bank of India) conference in Mumbai, 2104.
  • Presented a paper on “"Nexus between income inequality and financial development in selected Latin American economies” at the KEA-APEA conference at Korea University, Seoul, South Korea during 14-15 July, 2017
  • Nexus between Economic growth and Financial Development: an Indian experience. Johns Hopkins University, Washington, US during June 10-11, 2019.
  • Sentiment Analysis of Indian Stock Market Volatility: Knowledge-Based and Intelligent Information & Engineering Systems 24th International Conference KES2020: University of Verona, Italy (Virtual Mode)- August 2020
  • Chorus in the Cacophony: Internal Dissent and Policy Communication of India’s Monetary Policy Committee: SIBR Conference, Tokyo, Japan, 5-6th June, 2023
Invited Talks and Workshops :
  • Invited panelist for Budget 2022 Discussion on 8th February, 2022 at UPES Dehradun
  • Invited talk on Financial Modeling with STATA (FinMode) at IIT Kanpur- February-15-21, 2021
  • Speaker for a Webinar on ‘ Covid-19 and its Economic Impact’- conducted by Department of Economics of RK Mission College, Narendrapur, Calcutta on 6 August, 2020.
  • Organized a CEP course on Time Series Analysis with STATA at IIT Patna, 7th -9th December, 2019
  • Invited resource person for The Indian Econometric Society for econometrics workshop with STATA-software at Farook College, Kozhikode, Kerala during February-2019
  • Invited resource person for workshop on econometrics of time series and panel data at Jammu University during December-17-21, 2018
  • Invited talk on Macroeconomics-Its evolution and evaluation at Christ University, Bangalore in special lecture series during 13-14 July, 2018.
  • Invited Resource person for Indian Econometrics Society (TIES) and Gokhale Institute of Politics and Economics, Pune for Financial Econometrics application workshop during 29 August-4 September, 2016.
  • Invited Resource person for workshop on Statistical Technique in Social Science Research at Rajiv Gandhi Central University of Arunachal Pradesh during 2-6 December, 2015
  • Invited lecture on Applied Econometrics at Pondicherry Central University during 29-30 October, 2015.
  • Invited talk on Time Series Analysis and Financial Econometrics in Gokhale Institute of Politics and Economics, Pune during Winter Semester (July-December) 2015.