Suranjana Kundu

Areas of Interest & Expertise

  • Individual and household heterogeneity
  • Inequality and redistribution
  • Welfare
  • Monetary and fiscal policy

Biography

Suranjana’s research focuses on developmental questions from a macroeconomic lens. She builds macroeconomic models, e.g., HANK-DSGE models and tests them using survey data, especially for the Indian economy. 

Her recent papers, Monetary Policy and Redistribution under Liquidity Constraint and Sectoral Divide and Lower for Longer Monetary Policy and Economic Outcomes during the COVID-19 Pandemic, investigate the distributional consequences of aggregate policies. They do so in the context of economies where traditional agricultural and informal sectors account for a large share of employment, and a substantial proportion of households live hand-to-mouth.

Suranjana completed her PhD in Economics at the Indian Institute of Technology Delhi (2020 — 2025) and was a Post Doctoral Fellow at the World Inequality Lab, Paris School of Economics and the Centre for Economic and Social Studies (2025 — 26). She was a Visiting Researcher at the Centre for Macroeconomics, London School of Economics and Political Science (Summer 2026). Earlier, she also worked at the Delhi School of Economics (2019).

She has delivered invited seminars at the Indian Statistical Institute Delhi, Ashoka University, and Delhi School of Economics on different occasions. She has presented her papers regularly in conferences like the Econometric Society Asia Meetings, World Inequality Conference, Royal Economic Society conferences, Annual Conferences on Economics Growth and Development at ISI Delhi. She has also been a Mentee in the Royal Economic Society Mentoring Programme and has attended summer schools at Princeton and Oxford University.

Publications

Working papers

  • Kundu, S. General equilibrium welfare analysis of monetary policy using Indian household survey data. (Revised and resubmitted).
  • Kundu, S. Monetary policy and redistribution under liquidity constraint and sectoral divide. (Job market paper).
  • Kundu, S. Lower for longer monetary policy and economic outcomes during the COVID-19 pandemic.
  • Bharti, N., & Kundu, S. Extreme inequality and India’s economic growth.
  • Gupta, S., & Kundu, S. Heterogeneity in marginal propensity to consume.
  • Sen, A., & Kundu, S. Will the exits be unconventionally painful? Key takeaways for the financial sector from quantitative easing.