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Chetan Subramanian

Chetan
Subramanian

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  3. Chetan Subramanian
Professor
Economics
RBI Chair Professor in Economics
Connect with Faculty
chetan.s@iimb.ac.in

Summary

Professor Chetan Subramanian joined IIM Bangalore in the Economics area in May 2010. Prior to joining IIM Bangalore, he was a faculty member at the University Of Buffalo, New York (SUNY). He served as the Dean (Faculty) at IIMB between April 2020 and April 2023. His research interests lie in the areas of monetary economics, financial markets and international macroeconomics, and his work has appeared in leading academic journals such as the Journal of Money, Credit and Banking, Economic Theory, Journal of Corporate Finance, Journal of Health Economics and the Journal of Law and Economics.

Professor Subramanian currently teaches Macroeconomics and International Macroeconomics to MBA students and Advanced Macroeconomics to Doctoral students. He has also conducted executive education programmes for leading companies such as HUL, L&T, TCS, HSBC, HDFC and KPMG.

Accomplishments

Select Journal articles

  • Jain, T., Singh, R., & Subramanian, C. (2025). "Debt Contract Enforcement and Product Innovation: Evidence from a Legal Reform in India." The Journal of Law and Economics.
  • Murali, S., Naresh, A., Shin, J. K., & Subramanian, C. (2026). "Asymmetric wage and employment dynamics in segmented labour markets." Economic Modelling, 156, 107486.
  • Dash, P., Kumar, A., & Subramanian, C. (2026). "International spillovers of US monetary policy on inequality". Economic Modelling, 155, 107439.
  • Kumar, Ankit, Rahul Rao, and Chetan Subramanian. “Conventional vs. Unconventional Monetary Policy under Credit Regulation.” (Forthcoming) Macroeconomic Dynamics, 2024, 1–27.
  • Kim, Hwagyun, Vipul Mathur, Jong Kook Shin, and Chetan Subramanian. "Misallocation of debt and aggregate productivity.c Journal of Corporate Finance 83 (2023): 102493.
  • Shin, Jong Kook, and Chetan Subramanian. "Asset price bubbles and technological innovation." Economic Inquiry 57, no. 1 (2019): 482-497.
  • Joshi, Radhika, Chetan Subramanian, and Shailender Swaminathan. "Are there social returns to education in developing countries? evidence from Indonesia." Economic Development and Cultural Change 67, no. 2 (2019): 315-332.
  • “Healthcare investment and income inequality” Journal of Health Economics. (with Ayona Bhattacharjee, Jong Kook Shin and Shailender Swaminathan), Volume 56, Pages 163-177, 2017.
  • “Financial market segmentation and choice of exchange rate regimes,” (with Vipul Mathur), Economic Letters, Volume 142, Pages 78–82, 2016.
  • “Monetary policy and noise traders: A welfare analysis” (with J.K.Shin), Journal of Macroeconomics, Volume 49, Pages 33–45, 2016.
  • “Disinflation with labor market frictions,” (with J.K.Shin), Journal of Macroeconomics, Volume 41, Pages 1–15, 2014.
  • “Purchasing power parity versus fixed exchange rate rules: A stability and welfare analysis,” (with J.K.Shin), The Manchester School, 80: 321–354, 2013​
  • "The Optimal Choice of Monetary Policy Instruments in a Small Open Economy," (with Rajesh Singh), Canadian Journal of Economics, Vol. 41, Issue 1, pp. 105-137, 2008.
  • "Temporary stabilization with capital controls," (with Rajesh Singh), Economic Theory, Volume 34, Number 3, pp 545-574, 2008.
  • “Transactions Cost and Interest Rate Rules,” (with Hwagyun Kim), Journal of Money, Credit, and Banking, Vol. 38 No.4, pp 1077-1092, 2006.

Professor Subramanian currently teaches International Macroeconomics to MBA students and Advanced Macroeconomics to doctoral students. He has also conducted executive education programmes for leading companies such as Mckinsey, L&T, TCS, HSBC, HDFC and KPMG.

Ph.D. Economics, University of Southern California, USA 

M.A Economics, Tufts University, Boston, USA