Core Faculty - Niyati Bhanja

Niyati Bhanja

Assistant Professor

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Academic Area: Business Management

Niyati specializes in Economics with specific interest in Macroeconomics and Econometric Modelling. She has previously worked as an Assistant Professor at University of Petroleum and Energy Studies, Dehradun (India). She is an alumna of the Ravenshaw University from where she is armed with a BA (Hons. with Distinction) & MA (2nd Rank in University) in Economics. Higher academic credentials include an MPhil in Economics (Class of 2010) & PhD (Class of 2014) from Pondicherry Central University.

As an avid researcher, she has published her work in globally acclaimed and accredited journals of repute. She has over 30 publications; out of which 20 publications are classified under Australian Business Deans Council (ABDC) journal quality list. As an early career-academic she has been able to carve out a niche for herself in the research arena of highly competitive field of economics. She has co-authored several A-Rated high-impact research papers published in the journals like Economic Modelling, Empirical Economics & International Review of Economics and Finance. Her research work has been cited more than 230 times and her current H-index stands at 6 & i10-index at 5 (as per Google Scholar). She has presented her research work in prestigious conferences like Pennsylvania Economic Association (PEA) Annual Conference and Conference on Global Economic Analysis organised by GTAP - Center for Global Trade Analysis of Purdue University. She has also been a recipient of coveted Scholarship from the Reserve Bank of India to conduct a research project on Exchange Rate Pass-through; which she’s completed successfully in 2015.

Her research specialties lie in Macroeconomics, International Finance & Econometric modelling.

When she’s away from scholastic pursuits in academia, she prefers to travel to serene destinations, listen to music across genres and read non-fiction books.

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Education

Ph.D, Pondicherry University, 2014

M.Phil, Pondicherry University, 2010
Awards and Honours
- Outstanding Contribution in Reviewing Economic Modelling, Elsevier, September 2017
- R&D C3 Research Publication Award, UPES, 2015
- RBI Scholarship for faculty members from academic institutions, 2014
- R&D Research Publication Award, UPES, 2014
- UGC-NET, Economics, 2012
Areas of Research
- International Finance
- Macroeconomics
- Econometric Modeling
Current Research

Dr. Niyati is currently working on International Energy & Financial Markets.
Publications
Select Peer Reviewed Journal Articles
1. Dar, A.B., Bhanja, N. & Paul, M. (2018). Do gold mining stocks behave like gold or equities? Evidence from the US and the UK. International Review of Economics and Finance. DOI: https://doi.org/10.1016/j.iref.2018.10.003(ABDC Rank: A)
2. Bhanja, N. & Dar, A.B. (2018). Stock returns and inflation: A tale of two periods in India. Economic Change and Restructuring, Vol. 51. DOI: https://doi.org/10.1007/s10644-018-9231-z (ABDC Rank: B)
3. Bhanja, N., Dar, A.B. & Tiwari, A.K. (2018). Do Global Crude Oil Markets Behave as One Great Pool? A Cyclical Analysis. Journal of Business Cycle Research; https://doi.org/10.1007/s41549-018-0028-y (ABDC Rank: B)
4. Dar, A.B., Bhanja, N. (2016). Is China a safe haven for Asian Tigers? Economic Change and Restructuring (Springer). DOI:10.1007/s10644-016- 9195-9
  (ABDC Rank: B)
5. Tiwari, A.K., Dar, A.B., Bhanja, N., Gupta, R. (2016). A Historical Analysis of the US Stock Price Index Using Empirical Mode Decomposition over 1791-2015. Economics: The Open Assessment E-Journal, Vol. 10. Retrieved: http://dx.doi.org/10.5018/economics-ejournal.ja.2016- 9 (ABDC Rank: B)
6. Bhanja. N., Dar, A.B., Tiwari, A.K. (2016). A Frequency based causality approach for the yield spread as a leading indicator of economic activity - Evidence from India. Indian Journal of Economics and Business, 15(2), 243-255. (ABDC Rank: C)
7. Bhanja, N. & Dar, A.B (2015) “The Beauty of Gold is, it Loves Bad News”: Evidence from Three Major Gold Consumers, Economic Change and Restructuring (Springer) DOI 10.1007/s10644-015-9160-z (ABDC Rank: B)
8. Dar, A.B., Bhanja, N., Tiwari, A.K. (2015) Do Global Financial Crisis Validate Assertions of Fractal Market Hypothesis. International Economics and Economic Policy, https://doi.org/10.1007/s10368-015-0332-0 (ABDC Rank: B)
9. Tiwari, A.K., Dar, A.B., Bhanja, N., Arouri, M. Teulon, F., (2015). Stock returns and inflation in Pakistan. Economic Modelling (Elsevier), 47, 23–31 (ABDC Rank: A)
10. Tiwari, A.K., Bhanja, N., Dar, A.B., Olayeni, O.R. (2015). Analyzing Time– Frequency Based Co-movement in Inflation: Evidence from G-7 Countries. Computational Economics (Springer), 45:91–109 (ABDC Rank: B)
11. Dar, A.B., Bhanja, N., Tiwari, A.K. (2015). Inflation-Industrial growth nexus in India-A revisit through continuous wavelet transform. Central Bank Review (Elsevier). 01/2014; 14:1-11. (ABDC Rank: C)
12. Tiwari, A.K., Bhanja, N., Dar, A.B. (2015) Frequency based co-movement of inflation in selected Euro-zone countries. Journal of Business Cycle Measurement and Analysis, http://dx.doi.org/10.1787/jbcma-2015-5jm26ttlxdd1 (ABDC Rank: B)
13. Tiwari, A.K., Bhanja, N., Dar, A.B., (2015). Uncertainty co-movement in Major European Countries. Theoretical Economics Letters, 5, 256-26. (ABDC Rank: B)
14. Dar, A.B., Bhanja, N. Tiwari, A.K (2015) Exchange rate and stock price relationship: A wavelet analysis for India; Indian Economic Review 49 (1) pp.125-142. (ABDC Rank: C)
15. Bhanja. N., Dar, A.B., Samantaraya. A. (2014). “Revisiting Doctrine of Purchasing Power Parity Theory through Quantile Regression and Wavelets” IUP Journal of Applied Economics, Vol. XIII, No.1, pp. 34–46. (ABDC Rank: C)
16. Bhanja. N., Dar, A.B., Tiwari, A.K. (2014) Exchange Rate and Monetary Fundamentals: Long run Relationship Revisited. Panoeconnomicus, Vol. 62, Issue 1, pp. 33-54
17. Dar, A.B. Shah, A., Bhanja, N., Samantaraya, A. (2014) "The relationship between stock prices and exchange rates in Asian markets: A wavelet based correlation and quantile regression approach", South Asian Journal of Global Business Research (Emerald Insight), Vol. 3,Issue: 2,pp.209-224,https://doi.org/10.1108/SAJGBR-07-2013-0061 (ABDC Rank: C)
18. Tiwari, A.K., Dar, A.B., Bhanja, N. (2013). Oil price and exchange rates: A wavelet based analysis for India. Economic Modelling (Elsevier) 31:414–422.
  (ABDC Rank: A)
19. Tiwari, A.K., Bhanja, N., Dar, A.B., Islam, F. (2013) Analyzing Time-Frequency Relationship between Share Prices and Exchange Rates in India: Evidence from Continuous Wavelets. Empirical Economics (Springer) 12/2013. (ABDC Rank: A)
20. Bhanja. N., Dar, A.B., Tiwari, A.K., Olaolu Richard Olayeni (2013) Are Stock Prices Hedge Against Inflation? A Revisit over Time and Frequencies in India. Central European Journal of Economic Modelling and Econometrics. 01/2012 (ABDC Rank: C)
21. Arif Billah Dar, Niyati Bhanja, Amaresh Samantaraya, Aviral Kumar Tiwari (2013) Export Led Growth or Growth Led Export Hypothesis: Evidence based on Time Frequency Approach. Asian Economic and Financial Review; 01/2013; 3(7):869-880. (ABDC Rank: C)
Book Chapters
1. Bhanja, N., & Dar, A.B. (2018). Gold as a Hedge and Safe Haven: Evidence from India. In Coronado, S. et al (Eds.), Recent Topics in Time Series and Finance: Theory and Applications in Emerging Markets; Ch. 9, Vol.3, pp. 213-236. Mexico: Universidad De Guadalajara
2. Dar, A.B., Bhanja, N., & Samantaraya, A. (2012). Yield spread as a leading indicator of economic activity. In A compendium of essays in Applied Econometrics - Selected Proceedings of 3rd International conference on Applied Econometrics (ICAE-111) IBS Hyderabad; Essay 7, pp.94-101. India: Paramount Publishing. ISBN 978-93-82163-71-8
3. Samantaraya, A., Dar, A.B. & Bhanja, N. (2012). An empirical analysis of Inflation Dynamics in India: Stylized facts and Selected Issues. In A compendium of essays in Applied Econometrics - Selected Proceedings of 3rd International conference on Applied Econometrics (ICAE-111) IBS Hyderabad; Essay 9, pp. 111-123. India: Paramount Publishing. ISBN 978-93-82163-71-8
Select Conference Presentations
1. Niyati Bhanja (2018). “Stock Returns and Inflation: A tale of two periods in India”, Pennsylvania Economic Association Annual Conference, May 31- June 2, Penn State Altoona, Pennsylvania, USA.
2. Niyati Bhanja (2017), “Gold and Stock Prices: A Tale of two crises in the United States”, 20th Annual Conference on Global Economic Analysis (GTAP), 7-9 June, Purdue University, Indiana, USA.
3. Niyati Bhanja (2016), “Beauty of Gold it Loves Bad News”, The 9th International Conference of the Thailand Econometric Society (TES2016), 6-8 January, Chiang Mai, Thailand.
4. Niyati Bhanja (2015), “Exchange Rate Pass-through in India”, 3rd PAN-IIM World Management Conference, December 16-18, IIM-Indore.
5. Niyati Bhanja (2013) “Revisiting Doctrine of Purchasing Power Parity” at 49th Annual Conference of The Indian Econometrics Society (TIES), 9-11 January, Patna.
6. Niyati Bhanja (2012) “Revisiting Doctrine of Purchasing Power Parity through Wavelets” at 12th Consortium of Students in Management Research (COSMAR), 16-17 Nov. 2012, Indian Institute of Science (IISc.), Bangalore.

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