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{{short description|Indian macroeconomist}}
{{Infobox person
| name = Prakash Loungani
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| alma_mater = [[University of Mumbai|University of Bombay]]<br>[[University of Rochester]]
| occupation = [[Macroeconomics|Macroeconomist]], writer, professor
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| known_for = Economics
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}}
'''Prakash Loungani''' is a macroeconomist known for his work on the difficulty of forecasting recessions.<ref>{{Cite web |last=Harford |first=Tim |date=2014-05-30 |title=An astonishing record - of complete failure |url=https://www.ft.com/content/70a2a978-adac-11e7-8076-0a4bdda92ca2 |access-date=2017-12-06 |website=Financial Times}}</ref><ref>{{Cite news|url=https://www.theguardian.com/money/2017/sep/02/economic-forecasting-flawed-science-data|title=Why economic forecasting has always been a flawed science|last=Shaw|first=Adam|date=2017-09-02|work=The Guardian|access-date=2017-12-06|language=en-GB|issn=0261-3077}}</ref><ref>{{Cite web|url=https://www.bbc.co.uk/programmes/p058qrkt|title=Forecasting: How to Map the Future, Global Business - BBC World Service|website=BBC|access-date=2017-12-06}}</ref> He proffers “[[inclusive growth]]” through research on understanding and lowering unemployment (“Okun’s Law: Fit at 50?”<ref>{{Cite journal|last1=Ball|first1=Laurence|author1-link=Laurence M. Ball|last2=Leigh|first2=Daniel|last3=Loungani|first3=Prakash|date=2017-10-01|title=Okun's Law: Fit at 50?|journal=Journal of Money, Credit and Banking|language=en|volume=49|issue=7|pages=1413–1441|doi=10.1111/jmcb.12420|s2cid=18828626 |issn=1538-4616|hdl=10419/101356|hdl-access=free}}</ref>); documenting the impact of austerity on inequality (“Painful Medicine”<ref>{{Cite web|url=http://www.imf.org/external/pubs/ft/fandd/2011/09/Ball.htm|title=Finance and Development|website=Finance and Development {{!}} F&D|language=en-US|access-date=2017-12-06}}</ref>); and uncovering the role of unfettered capital mobility across national borders in lowering labor’s share of income (“Opening Up to Inequity”).<ref>{{Cite web|url=http://www.imf.org/external/pubs/ft/fandd/2016/03/furceri.htm|title=Opening Up to Inequity -- Finance & Development, March 2016|website=www.imf.org|language=en-US|access-date=2017-12-06}}</ref><ref>{{Cite news|url=https://qz.com/1158930/13-economists-on-the-best-research-of-2017/|title=13 economists on the research that shaped our world in 2017|last=Kopf|first=Dan|work=Quartz|access-date=2017-12-26|language=en-US}}</ref> His early research focused on understanding the impacts of oil prices on the economy.<ref>{{Cite journal|last1=Kim|first1=In-Moo|last2=Loungani|first2=Prakash|date=1992|title=The role of energy in real business cycle models|url=https://econpapers.repec.org/article/eeemoneco/v_3a29_3ay_3a1992_3ai_3a2_3ap_3a173-189.htm|journal=Journal of Monetary Economics|volume=29|issue=2|pages=173–189|issn=0304-3932|doi=10.1016/0304-3932(92)90011-p|hdl=2027/uc1.31822006648067|hdl-access=free}}</ref> He is an advisor and senior personnel manager in the [[International Monetary Fund]]'s Independent Evaluation Office. He blogs as ''The Unassuming Economist''.<ref>{{Cite web|url=http://unassumingeconomist.com/|title=The Unassuming Economist|website=unassumingeconomist.com|language=en|access-date=2017-12-06}}</ref>

== Career and education ==
Loungani earned his BA from the University of Bombay (now the [[University of Mumbai]]) and his MA and PhD in economics from the [[University of Rochester]]. Prior to joining the IMF in 1998, he was an analyst at the Federal Reserve Board's International Finance Division (covering Asian economies during the 1997-98 crisis), a senior economist at the [[Federal Reserve Bank of Chicago]] during 1990-92, and an assistant professor at the [[University of Florida]] during 1986-90. He was an adjunct professor of management at Vanderbilt University from 2001 to 2017. Since 2023, Loungani has served as Program Director and a senior lecturer for the Master of Science in Applied Economics<ref>{{cite web|title=Prakash Loungani|publisher=[[Johns Hopkins University]]|url=https://advanced.jhu.edu/directory/prakash-loungani/}}</ref> program at [[Johns Hopkins University]].

== Publications ==
Loungani has over 30 publications in the leading field journals in economics, which places him among the top 5% of economists based on citations and impact, according to IDEAS/RePEc.<ref>{{Cite web|url=https://ideas.repec.org/e/plo21.html#stats|title=Prakash Loungani {{!}} IDEAS/RePEc|last=|website=ideas.repec.org|access-date=2017-12-06}}</ref> In addition to his technical work, he is known for his profiles of famous economists, including Robert Barro, Dani Rodrik, Jeff Sachs, Joseph Stiglitz and Stanley Fischer.

===Selected works===
* The distributional effects of capital account liberalization, IMF Working Paper 15/243, '''''Journal of Development Economics''''', 2018, vol. 30, 127-44 (with D. Furceri).
* Okun’s law: fit at fifty? '''''Journal of Money, Credit & Banking''','' 2017, vol. 49 (Oct.), 1413–41 (with L. Ball and D. Leigh).
* Regional labor market adjustments in the United States, '''''Review of Economics & Statistics''''', 2017, vol. 99 (May), 243-57 (with M. Dao and D. Furceri).
* How accurate are private sector forecasts? Cross-country evidence from consensus forecasts of output growth, 2001, '''''International Journal of Forecasting''''', Vol. 17, No. 3, pp. 419–32.
* The role of energy in real business cycle models, 1992, '''''Journal of Monetary Economics''''', Vol. 29, No. 2, pp. 173–89 (with In-Moo Kim).

== References ==
<references />

== External links ==
* [http://unassumingeconomist.com/about-me/ Prakash Loungani: Bio]
* {{cite web|title=Citations|url=https://scholar.google.com/citations?user=b_Hjq6UAAAAJ&hl=en|publisher=[[Google Scholar]]}}

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{{DEFAULTSORT:Loungani, Prakash}}
[[Category:Year of birth missing (living people)]]
[[Category:Living people]]
[[Category:University of Rochester alumni]]
[[Category:University of Florida faculty]]
[[Category:20th-century Indian economists]]
[[Category:21st-century Indian economists]]

Prakash Loungani - Revision history

NiklasPqy606: creating new details