Education
Ph.D. Economics
The University of Iowa
1989
MS Economics
Carnegie Mellon University
1985
MS Industrial Engineering
National Institute For Training in Industrial Engineering
1983
BE Electrical Engineering
Indian Institute of Science, India
1981
BS Physics
University of Bombay, India
1978
Contact Info
Phone: (314) 444-7312
Fax: (314) 444-8731
Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442
For media inquiries contact:
Ben C. Hardaway
mediainquiries@stls.frb.org
Office: (314) 444-8783
Cell: (314) 341-2714
B. Ravikumar
Vice President
Selected Articles
"The Return to Capital and the Business Cycle"
with Paul Gomme and Peter Rupert
Review of Economic Dynamics, April 2011.
"The Political Economy of Education Funding"
with Gerhard Glomm and Ioana Schiopu
in Eric Hanushek, Stephen Machin and Ludger Woessmann, eds., Handbook of the Economics of Education, North Holland, vol. 4, 2011.
"From Cronies to Professionals: The Evolution of Family Firms"
with Utpal Bhattacharya
in E. Klein, eds., Capital Formation, Governance and Banking, New York: Nova Science Publishers, 2005.
"Costly Technology Adoption and Capital Accumulation"
with Aubhik Khan
Review of Economic Dynamics, April 2002.
"Robust Wald Tests in SUR Systems with Adding-up Restrictions"
with Surajit Ray and Eugene Savin
Econometrica, May 2000.
"Opting Out of Publicly Provided Services: A Majority Voting Result"
with Gerhard Glomm
Social Choice and Welfare, March 1998.
"Strategic Complementarity in Business Formation: Aggregate Fluctuations and Sunspot Equilibria"
with Satyajit Chatterjee and Russell Cooper
Review of Economic Studies, October 1993.
"Public versus Private Investment in Human Capital: Endogenous Growth and Income Inequality"
with Gerhard Glomm
Journal of Political Economy, August 1992.
"A Neoclassical Model of Seasonal Fluctuations"
with Satyajit Chatterjee
Journal of Monetary Economics, February 1992.
Working Papers
"Price Equalization Does Not Imply Free Trade"
with Piyusha Mutreja, Raymond Riezman, and Michael J. Sposi
Working Paper 2012-010A posted April 2012
"Why Do Education Vouchers Fail at the Ballot Box?"
with Peter Bearse, Buly A. Cardak, and Gerhard Glomm
Working Paper 2011-032A posted October 2011