Dr. M. Ramachandran

Research Area

Prof. Ramachandran completed his graduation and post-graduation from Madurai Kamaraj University, M. Phil. from Pondicherry University and Ph. D. from University of Hyderabad. Immediately after obtaining his Ph. D. degree, he joined as a Lecturer in Gokhale Institute of Politics and Economics, Pune in the year 1994 and moved to Mumbai School of Economics, Mumbai University as a Reader in 1997. Having spent three years in Mumbai University, he moved to Madras School of Economics as an Associate Professor in 2001. Further, he had taken up the prestigious position, the Reserve Bank of India Chair Professor, in the Institute for Social and Economic Change, Bangalore in 2004. He left RBI Chair and joined as a professor in the Department of Economics, Pondicherry University in the year 2006. He has 29 years of teaching and research experience.
Apart from teaching in the institutions where he served, he has been training officials of RBI, officers of Indian Administrative Service, Indian Statistical Service, Indian Economic Service in the area of Macroeconomics and Econometrics during the last twenty years. He has conducted a number of conferences and workshops during his stay in Pondicherry University and in the institutions where he served previously.
He has 53 research articles published in reputed Journals such as Oxford Economic Papers, Economics Letters, Economic Modeling, Journal of Policy Modeling, Economic Notes, Economic and Political Weekly etc., and presented a number of research papers in national and international conferences. In addition, he has completed few Policy Studies and two of the Policy studies that he completed for the RBI received much appreciation. He has successfully guided 22 M. Phil. and 14 Ph. Ds. so far and more importantly, the Ph. D. scholars under his guidance have emerged as excellent teachers and researchers serving in reputed institutions like IITs, Central Universities in India and in institutions abroad.
Recognizing his contribution to the literature on Econometrics, the Indian Econometric Society elected him as Vice President of the Society for the years 2015 to 2017 and President of The Indian Econometric Society for the years 2020-2023.

  • Professor



Research Guidance
0 years
Teaching Experience

Notable Publications

Currency equivalent monetary aggregates as leading indicators of inflation (with: Sunil Paul), Economic Modelling, 2011, Vol. 28 (4), pp. 2041-2048. Elsevier.

Asymmetric exchange rate intervention and international reserve accumulation in India (with: Naveen Srinivasan), Economics Letters, 2007, Vol. 94 (2), pp. 259-265. Elsevier.

 UK monetary policy under inflation forecast targeting: Is behaviour consistent with symmetric preferences? (with: Naveen Srinivasan and Vidya Mahambare), Oxford Economic Papers, 2006, Vol. 58 (4), pp. 706-721. Oxford University Press.

Do Broad Money, Output and prices stand for a stable relationship in India?, Journal of Policy Modelling, 2004, Vol. 26 (8 & 9), pp. 982-1001. Elsevier.

The Optimal Level of International Reserves: Evidence for India, Economics Letters, 2004, Vol. 83 (2), pp. 365-370. Elsevier.