Eswar Prasad
Research Fellow

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Prasad Eswar Prasad is the Tolani Senior Professor of Trade Policy at Cornell University. He is also a Senior Fellow at the Brookings Institution, where he holds the New Century Chair in International Economics, and is a Research Associate at the National Bureau of Economic Research. 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 such as the American Economic Review, American Economic Journal: Macroeconomics, Economic Journal, Review of Economics and Statistics, Journal of Economic Perspectives, Brookings Papers on Economic Activity, Journal of Monetary Economics, Journal of International Economics, Journal of Development Economics etc. He has edited numerous books and monographs on China, Hong Kong and India. His current research interests include the macroeconomics of globalization, monetary and exchange rate policies in emerging markets, and the Chinese and Indian economies.

He has testified before the Senate Finance Committee, the House of Representatives Committee on Financial Services and the U.S.-China Economic and Security Review Commission, and his research has been cited in the U.S. Congressional Record. He was a member of the analytical team that drafted the 2008 report of the High-Level Committee on Financial Sector Reforms set up by the Government of India.

Many of his research papers and quotes from his speeches have been cited extensively in wire service stories as well as prominent media outlets including Business Week, The Economist, Financial Times, Forbes, International Herald Tribune, New York Times, Wall Street Journal, Washington Post, USA Today and numerous other international and regional newspapers. He has contributed op-ed articles to the Financial Times, International Herald Tribune, Wall Street Journal Asia and various other newspapers. He has made frequent appearances on BBC, Bloomberg, CNBC, CNN, C-SPAN, Fox, NBC, NPR, PBS, Reuters and other radio and television channels.

Eswar Prasad has served as the co-editor of the journal IMF Staff Papers, was on the editorial board of Finance & Development and was the founding editor of the quarterly IMF Research Bulletin.

He has been a Research Fellow of IZA since 2002.
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IZA Discussion Papers:
No. Author(s)
Title
5137  Rahul Anand
Eswar Prasad
Optimal Price Indices for Targeting Inflation under Incomplete Markets
4298  Eswar Prasad
Rebalancing Growth in Asia
4133  M. Ayhan Kose
Eswar Prasad
Ashley D. Taylor
Thresholds in the Process of International Financial Integration
(forthcoming in: Journal of International Money and Finance)
4037  M. Ayhan Kose
Eswar Prasad
Kenneth Rogoff
Shang-Jin Wei
Financial Globalization and Economic Policies
(published in: Dani Rodrik and Mark Rosenzweig (eds.), Handbook of Development Economics, Vol. 5, The Netherlands: North-Holland, 2010, 4283-4362.)
3927  Eswar Prasad
India's Approach to Capital Account Liberalization
(published in: Brookings India Policy Forum, August 2009)
3634  M. Ayhan Kose
Eswar Prasad
Marco E. Terrones
Does Openness to International Financial Flows Contribute to Productivity Growth?
(published in: Journal of International Money and Finance, 2009, 28 (4), 554-580)
3475  Eswar Prasad
Raghuram G. Rajan
A Pragmatic Approach to Capital Account Liberalization
(published in: Journal of Economic Perspectives, 2008, 22 (3), 149-172)
3442  M. Ayhan Kose
Christopher Otrok
Eswar Prasad
Global Business Cycles: Convergence or Decoupling?
3191  Marcos Chamon
Eswar Prasad
Why Are Saving Rates of Urban Households in China Rising?
(published in: American Economic Journal: Macroeconomics, 2010, 2 (1), 93-130)
3186  Eswar Prasad
Raghuram G. Rajan
Arvind Subramanian
Foreign Capital and Economic Growth
(published in: Brookings Papers on Economic Activity, 2007 (1), 153-230)
2995  Eswar Prasad
Is the Chinese Growth Miracle Built to Last?
(published in: China Economic Review, 2009, 20 (1), 103-123)
2903  M. Ayhan Kose
Eswar Prasad
Marco E. Terrones
How Does Financial Globalization Affect Risk Sharing? Patterns and Channels
(published in: Journal of Development Economics, 2009, 89 (2), 258-270)
2252  M. Ayhan Kose
Eswar Prasad
Marco E. Terrones
How Do Trade and Financial Integration Affect the Relationship between Growth and Volatility?
(published in: Journal of International Economics, 2006, 69 (1), 176-202)
2248  Eswar Prasad
Raghuram G. Rajan
Modernizing China's Growth Paradigm
(published in: American Economic Review, 2006, 96 (2), 331-336)
702 
This paper has repeatedly been among the Top 10 monthly downloads. 
M. Ayhan Kose
Eswar Prasad
Marco E. Terrones
How Does Globalization Affect the Synchronization of Business Cycles?
(published in: American Economic Review, 2003, 93 (2), 57-62)
694  Eswar Prasad
What Determines the Reservation Wages of Unemployed Workers? New Evidence from German Micro Data
(published in: Gabriel Fagan, Francesco Mongelli and Julian Morgan (eds.), Institutions and Wage Formation in the New Europe: Proceedings of the ECB's Annual Labor Market Workshop, London: Edward Elgar, 2004)
510  Eswar Prasad
Wage Inequality in the United Kingdom, 1975-99
(published in: IMF Staff Papers, 2002, 49 (3), 339-362)
496  Michael P. Keane
Eswar Prasad
Changes in the Structure of Earnings During the Polish Transition
(published in: Journal of Development Economics, 2006, 80 (2), 389-427)
487  Robin L. Lumsdaine
Eswar Prasad
Identifying the Common Component of International Economic Fluctuations: A New Approach
(published in: Economic Journal, 2003, 113 (484), 101-127)
448  Michael P. Keane
Eswar Prasad
Inequality, Transfers and Growth: New Evidence from the Economic Transition in Poland
(published in: Review of Economics and Statistics, 2002, 84 (2), 324-341)
 
IZA Policy Papers:
No. Author(s)
Title
13 Eswar Prasad
Grace Gu
An Awkward Dance: China and the United States
 

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