Sudipto Karmakar is a Research Adviser in our Macro-Financial Risks Division within the Financial Stability Strategy and Risk Directorate. His work focuses on macroprudential policy, real-financial sector linkages, corporate investment, firm dynamics, and productivity. He has extensive experience working with dynamic stochastic general equilibrium (DSGE) models, semi-structural models and large-scale microdata.
Before joining the Bank of England, Sudipto worked as an Economist in the Research Department of the Bank of Portugal, a Technical Adviser and Visiting Researcher at the Bank for International Settlements, an Invited Associate Professor at ISCTE Lisbon, and a Research Intern at the International Monetary Fund.
He holds a PhD in Economics from Boston University, an MSc in Economics from the University of Calcutta, and a BSc in Economics from Presidency College, Kolkata.
What does the rise in the inflation mean for financial stability? - January 2023
Does corporate leverage amplify economic downturns? A dive into the literature? - July 2021
What do two million accounts tell us about the impact of Covid-19 on small businesses? - July 2021
What types of businesses have used government support during the Covid-19 pandemic? - July 2021
Give me more! Higher Capital Requirements and Loan Collateralisation - April 2019
Serial Entrepreneurs and the Macroeconomy, with Micole De Vera, Sonia Felix, and Petr Sedlacek, Small Business Economics, 2026
A tail of three occasionally binding constraints: a modelling approach to GDP-at-risk, with David Aikman and Kristina Bluwstein, IMF Economic Review, 2024
Global capital flows and the role of macroprudential policy, with Diogo Lima, Journal of Financial Stability, 2023
Real Effects of Financial Distress: The Role of Heterogeneity, with Francisco Buera, The Economic Journal, 2021
To Ask or Not to Ask: Bank Capital Requirements and Loan Collateralization, with Hans Degryse and Artashes Karapetyan, Journal of Financial Economics, 2021
Do households care about cash? Exploring the heterogeneous effects of India's demonetization, with Abhinav Narayanan, Journal of Asian Economics, 2020
Leverage and Risk Weighted Capital Requirements, with Leonardo Gambacorta, International Journal of Central Banking, 2018
Macroprudential Regulation and Macroeconomic Activity, Journal of Financial Stability, 2016
Bank Capital and Lending: An Analysis of Commercial Banks in the United States, with Junghwan Mok, Economic Letters, 2015
Financial Development: Level Depth and Access, Chapter 20, Building Integrated Economies in West Africa: Lessons in Managing Growth, Inclusiveness and Volatility. International Monetary Fund Publications. ISBN: 978151351832
