Nandlal P. Tolani Senior Professor of International Trade Policy
International Professor of Charles H. Dyson School of Applied Economics and Management
- Doctorate University of Chicago, 1992
- Master's Degree Brown University, 1986
- Bachelor of Arts University of Madras, 1985
Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He was previously Chief of the Financial Studies Division in the IMF'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. He has co-authored or edited several books and monographs on financial globalization, China, and India. His current research interests include the macroeconomics of globalization, the relationship between growth and volatility, and the Chinese and Indian economies. Many of his research papers and quotes from his speeches have been cited extensively in the international press. He has contributed op-ed articles to the Financial Times, International Herald Tribune, Wall Street Journal Asia and various other newspapers. He has testified before the Senate Finance Committee and the House of Representatives Committee on Financial Services (both on China), and his research has been cited in the U.S. Congressional Record.
My key areas of research are as follows: international capital flows; financial development and reforms in emerging markets; monetary policy frameworks for emerging markets; economies of China and India.
Outreach and Extension Focus
Have testified before various Congressional committees and commissions. Extensive engagement with top-line media outlets--print, radio, TV.
- Anand, R., Prasad, E. S., & Zhang, B. (2015). What Measure of Inflation Should a Developing Country Central Bank Target? Journal of Monetary Economics. 74:102-116.
- Prasad, E. S. (2014). Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies. IMF Economic Review. 62:409-429.
- Prasad, E. S., & Ye, L. (2013). The Renminbi's Prospects as a Global Reserve Currency. The Cato Journal. 33:563-570.
- Chamon, M., Liu, K., & Prasad, E. S. (2013). Income Uncertainty and Household Savings in China. Journal of Development Economics. 105:164-177.
- Kose, M. A., Otrok, C., & Prasad, E. S. (2012). Global Business Cycles: Convergence or Decoupling? International Economic Review. 53:511-538.
- Prasad, E. S. (2011). Rebalancing Growth in Asia. International Finance. 14:27-66.
- Kose, M. A., Prasad, E. S., & Taylor, A. D. (2011). Thresholds in the Process of International Financial Integration. Journal of International Money and Finance. 30:147-179.
- Prasad, E. S., & Kose, M. A. (2010). Emerging Markets Come of Age. Finance & Development.
- Chamon, M. D., & Prasad, E. S. (2010). Why Are Saving Rates of Urban Households in China Rising? American Economic Journal: Macroeconomics. 2:93-130.
- Prasad, E. S. (2015). Global Ramifications of the Renminbi’s Ascendance. Renminbi Internationalization: Achievements, Prospects, and Challenges Barry Eichengreen and Masahiro Kawai (ed.), Brookings Institution Press, Washington, DC.
In The News
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