Ashoka Mody (born 14 January 1956)
is an American
economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics.
The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
. He is the Charles and Marie Robertson
visiting professor
In academia, a visiting scholar, visiting researcher, visiting fellow, visiting lecturer, or visiting professor is a scholar from an institution who visits a host university to teach, lecture, or perform research on a topic for which the visitor ...
in international economic policy and lecturer in public and international affairs at the
Princeton School of Public and International Affairs
The Princeton School of Public and International Affairs (formerly the Woodrow Wilson School of Public and International Affairs) is a professional public policy school at Princeton University. The school provides an array of comprehensive course ...
.
Education
Mody studied
Electronics
The field of electronics is a branch of physics and electrical engineering that deals with the emission, behaviour and effects of electrons using electronic devices. Electronics uses active devices to control electron flow by amplification ...
at the
Indian Institute of Technology
The Indian Institutes of Technology (IITs) are central government owned public technical institutes located across India. They are under the ownership of the Ministry of Education of the Government of India. They are governed by the Institu ...
at
Madras
Chennai (, ), formerly known as Madras ( the official name until 1996), is the capital city of Tamil Nadu, the southernmost Indian state. The largest city of the state in area and population, Chennai is located on the Coromandel Coast of th ...
. After his B.Tech. (1978) he switched fields and obtained a M.Phil. in Applied
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services.
Economics focuses on the behaviour and intera ...
at the
Centre for Development Studies
The Centre for Development Studies (CDS), Thiruvananthapuram, Kerala, India is a premier Social Science research institute. It is also a higher education institution providing M.A. course in applied economics and PhD course in economics. It is ...
in
Trivandrum
Thiruvananthapuram (; ), also known by its former name Trivandrum (), is the capital of the Indian state of Kerala. It is the most populous city in Kerala with a population of 957,730 as of 2011. The encompassing urban agglomeration populati ...
1979, where he worked as a Research Associate until completing his
PhD PHD or PhD may refer to:
* Doctor of Philosophy (PhD), an academic qualification
Entertainment
* '' PhD: Phantasy Degree'', a Korean comic series
* ''Piled Higher and Deeper'', a web comic
* Ph.D. (band), a 1980s British group
** Ph.D. (Ph.D. albu ...
in Economics from
Boston University
Boston University (BU) is a private research university in Boston, Massachusetts. The university is nonsectarian, but has a historical affiliation with the United Methodist Church. It was founded in 1839 by Methodists with its original campu ...
in 1986.
Career
He briefly joined
AT&T Bell Laboratories
Nokia Bell Labs, originally named Bell Telephone Laboratories (1925–1984),
then AT&T Bell Laboratories (1984–1996)
and Bell Labs Innovations (1996–2007),
is an American industrial research and scientific development company owned by mult ...
as a member of their technical staff before joining the
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...
where he worked from 1987 to 2003. In 1997/1998, Mody was a visiting professor of
public policy
Public policy is an institutionalized proposal or a decided set of elements like laws, regulations, guidelines, and actions to solve or address relevant and real-world problems, guided by a conception and often implemented by programs. Public p ...
at the
Wharton School
The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in P ...
. From 2001 until his retirement, Mody was the assistant director of the
International Monetary Fund's European Department. He is opposed to
fiscal austerity
Austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spend ...
as a means to resolve credit crises.
He was the chief IMF representative to Ireland during Ireland's
troika
Troika or troyka (from Russian тройка, meaning 'a set of three') may refer to:
Cultural tradition
* Troika (driving), a traditional Russian harness driving combination, a cultural icon of Russia
* Troika (dance), a Russian folk dance
Polit ...
bailout. Mody was critical of the troika for severity of the austerity regime enforced on Ireland. He was also critical of the Irish Government's lack of solidarity with other indebted EU nations and claimed that Irish Finance Minister
Michael Noonan "blew it" by siding with the troika in 2015, when a debt reduction might have been reached. Mody noted in 2018 that Ireland's heavy exposure to U.S. multinationals for its business model would be a problem post the
Tax Cuts and Jobs Act of 2017
The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, , is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs A ...
reforms.
He is also affiliated with
Bruegel in Brussels.
Attempt on Mody's life
In October 2009 as Mody returned to his home in Bethesda, Maryland when he was shot multiple times whilst in his car by a masked gunman who then fled on foot. Police issued an arrest warrant for Mohau Mercy Mathibe who worked for a trial period at the IMF under Mody.
The assailant was suspected to be denied a promotion, leaving him embittered enough to commit the crime.
Personal life
Mody is married and has two children.
Bibliography
*
*
*
See also
*
Post-2008 Irish banking crisis
The post-2008 Irish banking crisis was the situation whereby, due to the Great Recession, a number of Irish financial institutions faced almost imminent collapse due to insolvency. In response, the Irish government instigated a €64 billion ban ...
*
Ireland as a tax haven
Ireland has been labelled as a tax haven or corporate tax haven in multiple financial reports, an allegation which the state has rejected in response. Ireland is on all academic " tax haven lists", including the , and tax NGOs. Ireland does no ...
*
Economic Adjustment Programme for Ireland
The Economic Adjustment Programme for Ireland, usually referred to as the Bailout programme, is a Memorandum of understanding on financial assistance to the Republic of Ireland in order to cope with the Post-2008 Irish financial crisis.
It was ...
*
Post-2008 Irish economic downturn
The post-2008 Irish economic downturn in the Republic of Ireland, coincided with a series of banking scandals, followed the 1990s and 2000s Celtic Tiger period of rapid real economic growth fuelled by foreign direct investment, a subsequent pr ...
References
External links
Ashoka Mody webpage of publicationsAshoka Mody Princeton
1956 births
Indian development economists
20th-century Indian economists
Living people
{{India-economist-stub