Poonam Gupta
World Bank
Poonam Gupta is a Senior Economist at the World Bank, Washington DC. She has previously worked at the NIPFP (where she was holding the RBI Chair Professor), International Monetary Fund and Delhi School of Economics. Her research has been published in leading academic journals including the Journal of Finance and the Journal of International Economics, and has been featured in The Economist, Financial Times, Wall Street Journal and the leading Indian dailies. She holds a Ph.D. in International Economics from the University of Maryland and a Masters in Economics from the Delhi School of Economics.

Articles By Poonam Gupta
Should emerging markets worry about US monetary policy announcements?
Posted On: 03 Aug 2017

Emerging economies are routinely affected by monetary policy announcements in the US. This column finds that US monetary policy surprises have a significant impact on emerging economies’ exchange rates, equity prices, and bond yields. The impact is larger for surprise tightening of policy than for surprise easing, and disproportionately larger for large surprises. The spillover effects of policy announcements of other advanced economies are much weaker than those of the US.
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From tapering to tightening: The impact of the Fed’s exit on India
Posted On: 27 Nov 2014

Tags:   US

India was among the hardest hit by the Fed’s ‘taper talks’. This column argues that this impact was large for two reasons. First, India received huge capital flows before. This had made it a convenient target for investors seeking to rebalance away from emerging markets. Second, macroeconomic conditions had worsened, which rendered the economy vulnerable. The measures adopted in response were ineffective in stabilising the financial markets. Implementing a medium-term framework that limits vulnerabilities and restricts spillovers could be more successful.
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What voters reward: Evidence from the 2009 Indian parliamentary elections
Posted On: 12 May 2014

Topics:   Finance
Tags:   democracy

Do voters care about economic outcomes? This column analyses the 2009 parliamentary elections in India and finds that voters favoured parties that delivered high growth in their states and rejected those that did not. It also finds that voters preferred candidates who had served in the parliament before, were wealthy, educated, and affiliated with a large party.
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How do Indian voters respond to candidates with criminal charges: Evidence from Lok Sabha elections
Posted On: 30 Jul 2012

Tags:   democracy

An alarming number of India’s politicians have criminal records or some charges against them. This column asks how they manage to get away with it. It looks at evidence from parliamentary elections in 2009 and suggests that while voters dislike crooked politicians, the amount these politicians spend on their campaigns do a good job of hiding the truth.
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