Paramita Mukherjee

Education : Ph.D. (Jadavpur University), M.S. (ISI), B.Sc. (Presidency College)

Designation : Professor (Economics)

Contact: +91-33-6652 9667

Email: [email protected]

About Paramita Mukherjee

Professor Mukherjee has joined IMI Kolkata in 2012. An alumnus of Presidency College, Kolkata, Dr. Mukherjee has completed MS in Quantitative Economics from Indian Statistical Institute and Ph.D. from Jadavpur University. She has twenty two years of experience in industry, research and academics, with stints at AC Nielsen (formerly ORG MARG), ICRA and renowned business schools. She teaches courses on Economics, and Finance. She has been a visiting faculty in Presidency College, Kalyani University and Indian Institute of Management, Ranchi. She has conducted training programmes for executives under the auspices of CII, Kolkata and conducted faculty development programme for IMI. She has handled consulting assignments in the energy sector.
Her research interest lies in Financial Economics and Applied Econometrics. She has worked on contemporary issues in financial sector like foreign investments, mutual funds, stock market volatility, stock market linkages and volatility spillover, share buyback, linkage among financial markets etc. She has keen interest in applied studies on macroeconomic issues like inflation, private investment etc. She has authored a number of research papers in reputed peer-reviewed international journals. She has handled responsibilities in academic administration as Dean (Academics) for five years and as Dean (Research), Area Chair (Economics) for several years in IMI and previous institutions. She was awarded research project from India Gold Policy Centre of World Gold Council.

Courses Taught at Postgraduate Level
  • Managerial Economics
  • Macroeconomics
  • Statistics
  • Methods for Management
  • Financial Institutions and Markets
  • Financial Econometrics
  • Econometrics for Business
  • Business Data Analytics
  • Business Forecasting
  • Financial Risk Management
  • Understanding Emerging Markets
  • Games and Strategic Behaviour
Courses Taught at Ph.D. Level
  • Financial Econometrics
  • Time Series Analysis
  • Financial Markets Research
Topics in MDPs
  • Energy Economics
  • Business Economics
  • Business Forecasting
  • Current Economic Issues
Journal Publications
  • 2020,Assessing the scope of gold refineries in India: Evidence from survey data,  jointly with V. Mukherjee, Resources Policy 69, Elsevier, December.
  • 2020, Assessing the Impact of COVID-19 on Interactions among Stock, Gold and Oil Prices in India, jointly with S. Bardhan, Trade and Development Review, 13, No. 1, pp. 33-56, October.
  • 2020, Forecasting Hourly Prices in Indian Spot Electricity Market, jointly with D. Coondoo and P. Lahiri, Munich Personal RePEc Archive (MPRA Paper No. 103161), September.
  • 2019,  Does Share Repurchase Announcement Lead to Rise in Share Price? Evidence from India , jointly with C. Chatterjee, Global Business Review, 20, issue 2, pp. 1-14, Sage Publications, April.
  • 2019,  The Indian Inflation 2006–16: An Econometric Investigation , jointly with D. Coondoo, South Asian Economic Journal, Vol. 20, issue 1, pp. 46-69, Sage Publications.
  • 2018, Determinants and Efficiency of Stamp Duty Revenue Collection: Evidence from West Bengal , jointly with V. Mukherjee, the Economic and Political Weekly, Vol LIII, No. 23, pp. 114-122.
  • 2017,  Estimating elasticity of import demand for gold in India , jointly with V. Mukherjee and D. Das, Resources Policy 51 2017, pp. 183-193, Elsevier.
  • 2016,  What Drives the Stock Market Return in India? An Exploration with Dynamic Factor Model ,jointly with Malabika Roy, Journal of Emerging Market Finance, Vol. 15, No. 1, pp. 119-145, Sage Publications.
  • 2015,  Price Behaviour around Share Buyback in the Indian Equity Market , jointly with Chanchal Chatterjee, Global Business Review, 16, No. 3, June, pp. 425 – 438, Sage Publications.
  • 2011,  An Exploration on Volatility across India and Some Developed and Emerging Equity Markets , Asia-Pacific Development Journal, Vol. 18, No. 2, pp. 79 – 103, United Nations Economic and Social Commission for Asia and the Pacific ESCAP, December,Bangkok, Thailand.
  • 2011, The Nature and Determinants of Investments by Institutional Investors in the Indian Stock Market , jointly with Malabika Roy, Journal of Emerging Market Finance, Vol. 10, No.3, pp. 253 – 283, Sage Publications, December.
  • 2008, Does the Stock Market in India Move with Asia? A Multivariate Cointegration/VAR Approach , jointly with Suchismita Bose, Emerging Markets Finance and Trade, 44 No. 05; pp. 5 – 22, September-October 2008, M.E. Sharpe Inc., US.
  • 2005, The Indian Macroeconomy: A Time Series Econometric Exploration ,jointly with D. Coondoo, India Macroeconomics Annual, 2004-05, August, Centre for Studies in Social Sciences, Kolkata.
  • 2005, Constant Maturity Yield Estimates for India: How Well Do They Depict the Term Structure?, jointly with S. Bose, The Economic and Political Weekly, Special Issue on Money, Banking & Finance, Vol. XL, No. 12, March 19-25,
  • 2004,  Components of Volatility and their Empirical Measures , jointly with D. Coondoo, Applied Financial Economics, Vol. 14, Number 18; pp. 1313-1318, December, Routledge, UK.
  • 2004, Volatility of FII in India, jointly with D. Coondoo, Money & Finance, Vol.2, Numbers 15-16, 03-Mar.04, pp. 85-102, ICRA Limited, New Delhi.
  • 2002,   Foreign Institutional Investment in the Indian Equity Market: An Analysis of Daily Flows During January 1999 — May 2002 , jointly with S. Bose and D. Coondoo, Money and Finance, Vol. 2, Numbers 9-10, April-September, pp. 21-51, ICRA Limited, New Delhi.
  • 2002, Dealing with NPAs: Lessons from International Experiences, Money and Finance, Vol. 2, Number 12, Jan-March, pp. 64-90, ICRA Limited, New Delhi.
  • 2001, On Developing Constant Maturity Yield Curves for India , jointly with S. Bose and S. Sarkar, Money and Finance, Vol. 2, Number 6, July-September, pp. 51-73, ICRA Limited, New Delhi.
Books
  • 2021, Revisiting the Indian Financial Sector: Recent Issues and Perspectives, Springer nature, Forthcoming.
  • 2018, Hindi Version of China and India: History, Culture, Co-operation, Competition co-edited by A. K Deb and M Pang.
  • 2016, China and India: History, Culture, Co-operation, Competition co-edited by A. K Deb and M Pang, Sage Publications, October.
Articles/Chapters in Edited Books
  • 2021, Financial Liberalization and Convergence of Financial Development among BRICS Economies, jointly with P. Bhattacharya and S. Roy Chowdhury, in Revisiting the Indian Financial Sector: Recent Issues and Perspectives, ed. P. Mukherjee, Springer nature, forthcoming.
  • 2021, Assessing the Impact of COVID-19 on Interactions among Stock, Gold and Oil Prices in India, jointly with S. Bardhan, forthcoming in Revisiting the Indian Financial Sector: Recent Issues and Perspectives, ed. P. Mukherjee, Springer nature, 2021, forthcoming.
  • 2020, Demystifying Catastrophic Expenses in Indian Healthcare Sector , in Trade in Health Services in South Asia ed. Banik, Arindam, Springer.
  • 2017, Is India Key to Asian Financial Integration? , in Towards A Common Future: Understanding Growth, Sustainability in the Asia-Pacific Region eds. Banik, A., M. Barai and Y. Suzuki, Palgrave Macmillan, September.
  • 2016, CSR Practices: A Comparative Study of India and Asia , in China and India: History, Culture, Co-operation, Competition eds. Mukherjee, P., A. Deb and M. Pang, Sage, October.
  • 2009, Gender Discrimination: A Review of the Theories and Evidences in Economics  in Suvarna Sen ed.  Gender Bias: Issues & Perspectives , ICFAI University Press, January, Hyderabad, India.
  • 2002, The Indian Banking Industry: A Commentary, jointly with S. K. Bhaumik, in P. Banerjee andF.J. Richter eds,  Economic Institutions in India: Sustainability under Liberalization and Globalization , pp. 71-98, Palgrave-McMillan, November, UK.
Newspaper/Magazine Articles and Other Contributions
  • 2016, No Golden Rule, jointly with V. Mukherjee and D. Das, Business Line, May 11.
  • 2013, Contributed to the International edition of Macroeconomics by Hubbard R. Glenn, P O’Brien and M Rafferty, Pearson Education, England.
  • 2013, How Well Are the Banks Managing Their NPAs? A Comparative Analysis , IMI-Kolkata Working Paper No. CFMS-13-001, International Management Institute, Kolkata.
  • 2007, Review of  Principles of Macroeconomics  by S Sikdar Oxford University Press, 2006, Globsyn Management Journal, Vol. 1, Issue 2, July.
  • 2006, Firm Size and Volatility: Evidence from the Indian Equity Market, ICFAI Reader, October, ICFAI University Press, Hyderabad.
  • 2004, Ranking Indian Banks by Performance Indices, Effective Executive, Special Issue, June 2004, pp. 20-29, the ICFAI University Press, Hyderabad.
Research Project
  • Creating a Market for Indian Refined Gold, jointly with V. Mukherjee, awarded by India Gold Policy Centre @ Indian Institute of Management, Ahmedabad, World Gold Council, 2019.
Consultancy Project
  • On Forecasting Electricity Prices in India for an energy company, 2015.
Papers Presented in Conferences/ Seminars
  • 2020, Creating a Market for Indian Refined Gold: A Survey , Co-authored with V. Mukherjee, Conference on Gold and Gold Markets, organized by India Gold Policy Centre @ IIM Ahmedabad, at New Delhi, February 7-8.
  • 2019,  Indian Inflation: An Econometric Exploration with Disaggregated Price Data , Co-authored with D. Coondoo, Conference on Perspectives on the Contemporary Indian Economy sponsored by the Centre for Development and Environment Policy, IIMC, IIM Calcutta, February 21-22.
  • 2018,  Corruption and Distribution of Public and Private Investments across Indian States , Co-authored with Vivekananda Mukherjee, International Workshop on Political Economy of Sub-National Regions: Comparative Studies of Indian States, organised by ICAS:MP Germany at CSSSC Kolkata, Kolkata, January 11-12.
  • 2017, The Indian Inflation 2006–16: An Econometric Investigation  in 13th Annual Conference of Asia-Pacific Economic Association APEA at Korea University, Seoul, July 13-15.
  • 2016, Estimating Elasticity of Import Demand for Gold in India  in 12th Annual Conference of Asia-Pacific Economic Association APEA at IMI Kolkata, India, July 13-15.
  • 2015, CSR Practices: A Comparative Study of India and Asia, Sino-India Forum 2015 on  Sino-Indian Relation: Change and Development , Sichuan Academy of Social Sciences, Chengdu, China, October 26-27.
  • 2015,  On Efficiency of VAT in India  in 11th Annual Conference of Asia-Pacific Economic Association APEA at National Taiwan University, Taiwan, July 8-10.
  • 2013, Price Behaviour around Share Buyback in the Indian Equity Market , presented in Borsa Istanbul Finance and Economics Conference BIFEC 2013 on Policy Issues and Challenges in the Global Financial System and Economies held on September 30 – October 1, 2013 at Borsa Istanbul, Turkey.
  • 2012, What Drives the Stock Market Return in India? An Exploration with Dynamic Factor Model, presented in the Asian Meeting of the Econometric Society held at Delhi School of Economics, Delhi, December 20 – 22, 2012.
  • 2011, Dynamic Factor Models for the Indian Stock Market , presented in a seminar at Faculty of Business & Economics at Katholik University, Leuven, Belgium on May 23, 2011.
  • 2011,  An Exploration on Volatility Across India and Some Developed and Emerging Equity Markets , presented at XIth Doctoral Meeting in International Economics & Finance at University of Nice-Sophia Antipolis, Nice, France on May 26 – 27, 2011.
  • 2011, An Exploration on Volatility across India and some Developed and Emerging Equity Markets  in International Finance Conference 2011 at Indian Institute of Management Calcutta, Kolkata, 10th to 12th January.
  • 2010, FII Flows to Developing Countries: Some Issues , in UGC Sponsored State Level Seminar on Globalisation and Changing Structure of Capital Market in India: Efficiency vs. Vulnerability at Surendranath College for Women, Kolkata, 30thMarch.
  • 2008, Volatility across India and some Developed and Emerging Equity Markets: An Exploration  in Conference on Empirical Issues in International Trade and Finance at Indian Institute of Foreign Trade, Kolkata, 23rd  – 24th December.
  • 2008, A Dynamic Factor Model for the Indian Equity Market  in International Conference on Globalization, FDI and Development at Kalyani University, West Bengal, 29-30th January.
  • 2007, Attended Lecture Series on  Default Modeling and Volatility Modeling , Jadavpur University, Kolkata, 5th – 9th February.
  • 2006, Are Mutual Funds Really Driving the Indian EquityMarket: An Exploration  in One Day Workshop for Research Scholars and Ph.D. Students at Jadavpur University, Kolkata, November.
  • 2005, A Study of Interlinkages between the Indian Stock Market and Some other Emerging and Developed Markets  in 9th‘‘Capital Markets Conference 2005 , Indian Institute of Capital Markets, Mumbai, December.
  • 2005,  A Study of Interlinkages between the Indian Stock Market and Some Other Emerging and Developed Markets  in Research Scholars’ Workshop, Jadavpur University, Kolkata, February.
  • 2003, Does NPA matter: Evidences from Indian Public Sector Banksin 5th Annual Conference on Money and Finance at IGIDR, Mumbai, January-February.
  • 2002,  Foreign Institutional Investment in the Indian Equity Market: An Analysis of Daily Flows During January 1999 — May 2002 , jointly with S. Bose and D. Coondoo in Workshop on Financial Economics at Jadavpur University, October.
  • 2001,Constant Maturity Yield Curve Estimation for India , jointly with S. Bose in 4th Annual Conference on Money and Finance at IGIDR, Mumbai, December.