Dr. Karan Rai

Dr. Karan Rai is an Assistant Professor of Economics at Jaipuria Institute of Management, Noida. He obtained his Ph.D. in Economics (2019–2025) from the Indian Institute of Technology Ropar under the supervision of Dr. Bhavesh Garg. He draws his research interests from open economy macroeconomics, demographic macroeconomics, and applied econometrics.

Ph.D. in Economics (2019-2025), Indian Institute of Technology Ropar
M.A. in Economics
B.A. (Honors) in Economics

Research 6 years,
Teaching- Freshers

Research Work

Publications  

Karan Rai & Bhavesh Garg (2025) Demographic transition and financial assets, Emerging Markets Review, 69, November 2025, 101340.

Karan Rai & Bhavesh Garg (2025) Macroeconomic impact of demographic transition and effectiveness of monetary policy: evidence from East Asian economies, Emerging Markets Finance and Trade, 61:12, 3742-3766.

Karan Rai & Bhavesh Garg (2024) Demographic transition and inflation Economic Systems, 48:4, December 2024, 101214.

Bhavesh Garg, Karan Rai, Rishabh Pachoriya & Manik Thapa (2023) Crisis And Contagion In Cryptocurrency Market, Bulletin of Monetary Economics and Banking, 26, 9-32.

Karan Rai & Bhavesh Garg (2022) Dynamic correlations and volatility spillovers between stock price and exchange rate in BRIICS economies: evidence from the COVID-19 outbreak period, Applied Economics Letters, 29:8, 738-745.

Achievements and Awards

Recipient of MHRD Fellowship during Ph.D. at IIT Ropar.