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Parag Waknis

Associate Professor

Ph.D (Economics), University of Connecticut, CT, USA, M.Phil, CESP, JNU

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School of Liberal Studies

Education & Research

Parag receieved his Ph.D in Economics from the University of Connecticut, CT, USA in 2011 and , M.Phil in economics from, CESP, JNU in 2000. His area of research is macroeconomics and monetary theory with a special focus on developing countries. He has published his research in leading international and national journals. His current research projects include implications of informal markets for monetary policy and impact of demonetization.

Past Employment

  • Assistant Professor, University of Massachusetts Dartmouth, USA (2011-2017)
  • Assistant Professor, Kohinoor Business School, Khandala, Maharashtra, (2003-2006)
  • Lecturer, Jedhe College of Arts and Commerce, Pune, Maharashtra, (2000-2003)


Journal Publications

Book Chapters

  • ``Demonetisation through Segmented Markets: Some Theoretical Perspectives’’, in R. Ramakumar (Eds.), Note‐bandi: Demonetisation and India’s Elusive Chase for Black Money, Oxford University Press, December 2017.

In Publishing Process

  • “Competitive Supply of Money in a New Monetarist Model”, Under review.

Other Publications

Work under Progress

  • Optimal Monetary Policy in the presence of Informal Labor Markets (with Dr. Catalina Granda, Universidad de Antioquia in Medellín, Colombia)
  • Demonetization in the presence of Informal Sector and Segmented Markets
  • Firm Financing and Investment with Informal Credit: Do central banks in developing countries face inflation investment trade off?

Professionl Activities/Awards


Peer Reviewer

  • Comparative Economic Studies, Palgrave MacMillan
  • Economic Modeling, The International Journal of Theoretical and Applied Papers on Economic Modelling, Elsevier
  • Revista Lecturas de Economía, Universidad De Antioquia, Colombia

Economics Textbooks Review

  • Acemoglu, Laibson, & List (2017), “Macroeconomics”, Pearson Education, Second Edition.



  • Post Graduate & Undergraduate: Macroeconomics, Monetary Economics, and Financial Economics

My Zone