Nitin Nair

Profile

Nitin is a postgraduate researcher pursuing a PhD in economics at the Leeds University Business School. He is primarily interested in financial macroeconomics and applied macroeconometrics using pluralist approaches. He has been trained in different strands of post-Keynesian theory. He studied financial and structuralist (Latin American) post-Keynesian economics under Jan Kregel. He was taught Modern Money Theory and Institutional post-Keynesian economics by Randy Wray and Pavlina Tcherneva. He trained in stock-flow consistent modelling and the Circuitist approach under Gennaro Zezza. His master’s thesis was supervised by Dimitri Papadimitriou. He has attended the Sraffian Summer School hosted by Centro Sraffa in Universita Roma Tre. Currently, he works on analytical dynamic macroeconomic models, dynamic causality, and identification in macroeconometrics.

Awards

Nitin was awarded the Levy Fellowship between 2021 and 2023. He is a recipient of the LUBS economics department scholarship. In 2023, he won the 18th Annual AFIT-AFEE Student Paper Competition and EAEPE’s Herbert Simon Prize. In 2025, he won the best presentation award at the University of Leeds Economics PhD Research Conference. He has contributed to the Levy Economics Institute Working Paper Series.

Peer reviews

Metroeconomica

Journal of Post Keynesian Economics

Review of Political Economy

Brazilian Journal of Political Economy

Research interests

Nitin’s research revolves around the dynamic macroeconomic effects of disaggregated/granular heterogeneities. He is interested in identifying shocks using granular instrument variables and estimating dynamic reactions using Local Projections. He also works on formalizing empirical findings on dynamic causality within small-scale, stock-flow consistent models.

His current research examines the implications of rising non-financial corporate cash holdings for monetary policy transmission, as well as how commodity export booms affect equity inflows into emerging markets through expectations formation and the performance metrics of institutional investors

More broadly, he is interested in combining research on market macrostructure and demand system asset pricing to formulate a more realistic theory of portfolio choice where asset demand and liability supply (issue) functions are conditional on the nature of the investor, balance sheet characteristics, corporate governance and the properties of financial instruments. In a world where financial structures and asset markets increasingly shape real economic outcomes, such an approach provides a necessary foundation for modern macroeconomic models.

Qualifications

• M.S. in Economic Theory and Policy, Levy Economics Institute of Bard College (2021-2023)
• B.A. in Economics, Azim Premji University (2017-2020)