Shiv Dixit is an Assistant Professor of Economics and Public Policy at the Indian School of Business (ISB). He received his PhD in Economics from the University of Minnesota. He is a macroeconomist who uses tools in dynamic contracting theory to address issues in public finance, monetary economics, and development economics.
His dissertation examined how contractual frictions interact with the amount of risk people choose to bear, the kind of rules a government can impose on itself to discipline time-inconsistent behaviour; and the design of efficient demonetisation policies.
Professor Dixit has previously worked at the Federal Reserve Bank of Minneapolis and the International Monetary Fund. Prior to his PhD, he graduated from the University of Michigan, Ann Arbor, with concentrations in economics and mathematics.
K. V. Subramanian is a Professor of Finance (currently on leave) at the Indian School of Business (ISB). He has served as an Executive Director at the International Monetary Fund and was the 17th Chief Economic Advisor to the Government of India from 2018 to 2021.
As Chief Economic Advisor, Professor Subramanian conceptualised India’s economic policy during the once-in-a-century COVID-19 pandemic. By correctly identifying COVID-19 as a huge supply-side shock, Professor Subramanian balanced supply- and demand-side measures, transformed fiscal policy to focus on public capital expenditure, and initiated path-breaking reforms to address structural problems. His foresight and vision enabled the Indian economy to emerge with high growth and strong macro fundamentals despite the Ukraine war following the pandemic.
His policy ideas drew on the path-breaking Economic Surveys. He authored Ethical Wealth Creation for a Prosperous India (2019-20), a Strategic Blueprint for India to Become a $5 Trillion Economy (2018-19), and the post-COVID-19 economy using public capital expenditures in infrastructure and healthcare to further counter-cyclical fiscal policy (2020-21). Acknowledging his contributions, the Hon’ble Prime Minister of India, Shri. Narendra Modi, praised his “academic brilliance, unique perspectives on economic and policy matters, and reformatory zeal.”
Professor Subramanian has been conferred the Distinguished Alumnus award by both his alma maters at IIT Kanpur and IIM Calcutta. He holds a PhD from the University of Chicago. His research spanning banking, law and finance, innovation and economic growth, and corporate governance has been published in the world's leading academic journals.
