Economics and Public Policy

Rahul Rao is a macroeconomist. His research interests lie in monetary, financial, and spatial economics. His current research work is related to two distinct aspects of resource misallocation in an economy – the sub-optimal allocation of agricultural land across various crops in India, and the misallocation of physical capital due to imperfections in financial markets. He is doing his PhD in Economics from Indian Institute of Management (IIM) Bangalore (expected to defend in July 2023).

Working Papers

• Title: “Land Misallocation and Industrial Development”, joint with Kunal Dasgupta (IIM Bangalore)
  Keywords: Mis-allocation, Agriculture, Manufacturing, Land, GAEZ.
  SSRN Version
  Media coverage
• Title: “Conventional vs. Unconventional Monetary Policy under Financial Repression”, joint with Chetan Subramanian (IIM Bangalore) and Ankit Kumar (IIM Calcutta)
  Keywords: Financial Repression, Segmented Asset Markets, Quantitative easing, Term Premium targeting, Leverage constraint.
  SSRN Link
• Title: “Credit market frictions: collateral-based vs. earnings-based borrowing constraints”
  Keywords: Financial constraints, Collateral-based borrowing constraints, Earnings-based bor- rowing constraints, Misallocation

• “Digital Saga of Mailers” in AIMS Journal, Vol. 6, No. 2, January 2021 (pg. 240-252)