Hiranya Mukhopadhyay

Hiranya Mukhopadhyay

Director, Public Sector Management and Governance Sector Office
Sectors Group (SG)

Hiranya Mukhopadhyay is Director of ADB's Public Sector Management and Governance Sector Office. He holds a Ph.D. degree in Economics from the Jawaharlal Nehru University, New Delhi. He has also visited Boston University and Oxford University as a Post-Doctoral Fellow and completed research projects. His areas of specialization are open economy macroeconomics, and public finance (with special emphasis on subnational finances). He has published several articles in Indian and international journals. He has edited two books published by the Oxford University Press. As a team leader, he has processed and implemented many policy-based loans in ADB for South Asian, and Central and West Asian countries.


  • | Papers and Briefs | Economics Working Papers

    Financing Post-2015 Development Challenges: Who are the Front-runners in the Asia and Pacific Region?

    Adequate fiscal flexibility is a prerequisite for meeting the post-2015 development challenges. This paper attempts to measure the fiscal flexibility of the economies in the Asia and Pacific region using a composite fiscal flexibility index.

  • | Guides | South Asia Operational Knowledge Working Papers

    A Review of Governance e-Solution Investments, 2004-2012

    This paper explains how information and communication technology applications in ADB's development projects in South Asia helped improve governance in the region while highlighting the key lessons learned from these projects.

  • | Papers and Briefs | Economics Working Papers

    Reserve Bank of India’s Policy Dilemmas: Reconciling Policy Goals in Times of Turbulence

    This paper examines some of the more critical policy dilemmas facing the Reserve Bank of India in its pursuit of stabilizing inflation and sustaining high growth.

  • | Papers and Briefs | South Asia Working Papers

    Food Price Escalation in South Asia - A Serious and Growing Concern

    South Asia is arguably the most vulnerable region to increasing food inflation given the large segment of the population living below or near the poverty line. This paper deals with the problems related to food price inflation in South Asia in a comprehensive manner. It presents an in-depth empirical analysis of the possible factors that could explain the increase in food inflation, and discusses the impact of food price inflation on poverty and macroeconomic stability in South Asia.

  • | Papers and Briefs | South Asia Working Papers

    The Global Financial Crisis: Impact on Asia and Emerging Consensus

    The financial crisis, initially traced to subprime mortgage market in the United States (US) and the resulting deleveraging process by global financial institutions involved in highly complex financial transactions, marks the first global financial crisis of the 21st century. Few countries linked to the global financial markets and international trade were spared from the sudden downturn as the financial system imploded in September 2008.

  • | Papers and Briefs | South Asia Working Papers

    Evaluating the PRMPA Using a Synthetic Control Group

    The Asian Development Bank (ADB) provided a program loan to the Government of Assam in the early part of this decade to help stabilize its fragile finances. This paper evaluates the immediate short-term implications of this program with a focus on tax revenue generation and interest payments using a synthetic control method.

  • | Papers and Briefs | South Asia Working Papers

    The Impact of the Global Crisis on South Asia

    In South Asia, India and Sri Lanka were affected most by the global economic crisis. They initially responded to the supply shock by a combination of fiscal and monetary policies to mitigate the impact and support economic growth. Bangladesh and Sri Lanka took narrower targeted fiscal stimulus measures, but India adopted more across-the-board fiscal stimulus to support economic growth. The differences in the fiscal and monetary policy stance reflect the impact of the crisis, the assessment of the downturn, and the availability of fiscal space.