 |
Eswar PrasadNandlal P. Tolani
Senior Professor of Trade
Policy, Areas of ExpertiseMacroeconomics of Financial Globalization, Monetary and Exchange Rate Policies in Emerging Markets, China and India
|
Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and a Research Associate at the National Bureau of Economic Research. He was previously chief of the Financial Studies Division in the International Monetary Fund’s Research Department and, before that, was the head of the IMF’s China Division.
Eswar Prasad received his Ph.D. from the University of Chicago. His research has spanned a number of areas including labor economics, business cycles, and open economy macroeconomics. His extensive publication record includes articles in numerous collective volumes as well as top academic journals such as the American Economic Review, Brookings Papers on Economic Activity, The Economic Journal, Journal of Development Economics, Journal of Economic Perspectives, Journal of International Economics, Journal of Monetary Economics, Review of Economics and Statistics, etc. He has co-authored and edited numerous books and monographs, including on China, Hong Kong and India. His current research interests include the macroeconomics of financial globalization, monetary and exchange rate policies in emerging markets, and the Chinese and Indian economies.
He has testified before the Senate Finance Committee, the House of Representatives Committee on Financial Services and the U.S.-China Economic and Security Review Commission, and his research has been cited in the U.S. Congressional Record. He was a member of the analytical team that drafted the 2008 report of the High-Level Committee on Financial Sector Reforms set up by the Government of India.
Many of his research papers and quotes from his speeches have been cited extensively in wire service stories as well as prominent media outlets including Business Week, the Economist, Financial Times, Forbes, International Herald Tribune, New York Times, Wall Street Journal, Washington Post, USA Today and numerous other international and regional newspapers. He has contributed op-ed articles to the Financial Times, International Herald Tribune, Wall Street Journal Asia and various other newspapers. He has made frequent appearances on BBC, Bloomberg, CNBC, CNN, C-SPAN, Fox, NBC, NPR, PBS, Reuters and other radio and television channels.
Eswar Prasad has served as the co-editor of the journal IMF Staff Papers, was on the editorial board of Finance & Development and was the founding editor of the quarterly IMF Research Bulletin. He is also a Research Fellow at IZA (Institute for the Study of Labor, Bonn).
Teaching
AEM 4540: China's and
India's Growth Miracles
AEM 7670: Topics in International Fiance:
Financial Globalization, Growth, and Volatility
Recent Publications
Please see Professor Prasad's web site for a comprehensive listing of his published and current research.
Chamon, Marcos, and Eswar Prasad. 2009. Why are Saving Rates of Urban Households in China Rising? American Economic Journal: Macroeconomics, forthcoming.
Kose, M. Ayhan, Eswar Prasad, and Marco Terrones. 2009. Does Openness to International Financial Flows Raise Productivity Growth? Journal of International Money and Finance, forthcoming.
Prasad, Eswar. 2009. Some New Perspectives on India's Approach to Capital Account Liberalization. Brookings India Policy Forum, forthcoming.
Kose, M. Ayhan, Eswar Prasad, and Marco Terrones. 2008. Does Financial Globalization Promote International Risk Sharing? Journal of Development Economics, forthcoming.
Kose, M. Ayhan, Eswar Prasad, Kenneth Rogoff, and Shang-Jin Wei. 2009. Financial Globalization: A Reappraisal. IMF Staff Papers 56(1):8-62.
Prasad, Eswar. 2009. Is China's Growth Miracle Built to Last? China Economic Review 20(1):103-23.
Prasad, Eswar, and Raghuram Rajan. 2008. A Pragmatic Approach to Capital Acount Liberalization. Journal of Economic Perspectives 22(3):149-72.
Prasad, Eswar, Raghuram Rajan and Arvind Subramanian. 2007. Foreign Capital and Economic Growth. Brookings Papers on Economic Activity 38(1):153-230
Goodfriend, Marvin, and Eswar Prasad. 2007. A Framework for Independent Monetary Policy in China. CESifo Economic Studies 53(1):2-41.
Keane, Michael, and Eswar Prasad. 2006. Changes in the Earnings Structure during the Polish Transition. Journal of Development Economics 80(2): 389-427.
Prasad, Eswar, and Raghuram Rajan. 2006. Modernizing China’s Growth Paradigm. American Economic Review 96(2):331-336.
Kose, M. Ayhan, Eswar Prasad, and Marco Terrones. 2006. How Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility? Journal of International Economics 69(1):176-202.
Prasad, Eswar, Jahangir Aziz, and Steven Dunaway, editors. 2006. China and India: Learning from Each Other. Washington, DC: International Monetary Fund.
Prasad, Eswar. 2004. The Unbearable Stability of the German Wage Structure: Evidence and Interpretation. IMF Staff Papers 51(2):354-85.
Kose, M. Ayhan, Eswar Prasad, and Marco Terrones. 2003. How Does Globalization Affect the Synchronization of Business Cycles? American Economic Review 93(2):57-62.
Chinn, Menzie, and Eswar Prasad. 2003. Medium-Term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical Exploration. Journal of International Economics, 59(1):47-76.
Lumsdaine, Robin, and Eswar Prasad. 2003. Identifying the Common Component in International Economic Fluctuations: A New Approach. The Economic Journal 113(1):101-27.
Prasad, Eswar. 2002. Wage Inequality in the United Kingdom, 1975-99. IMF Staff Papers 49(3):339-63.
Keane, Michael, and Eswar Prasad. 2002. Inequality, Transfers and Growth: New Evidence from the Economic Transition in Poland. Review of Economics and Statistics 84(2):324-41.
Awards
• University Fellowship,
University of Chicago, 1986-90
• University Fellowship, Brown University,
1985-86
• National Talent Search Scholarship, Government
of India, 1982-85
Education
Ph.D., University of Chicago,
1992
M.A., Brown University, 1986
B.A., University of Madras, 1985
© 2009 Cornell
University
Cornell University provides equal program and employment opportunities