Swapnanil SenGupta
PhD Candidate in Economics
Halle Institute for Economic Research (IWH) Leibniz-Institut für Wirtschaftsforschung Halle · Doctoral Programme in Economics
Portrait of Swapnanil SenGupta

About me

I am a researcher in the Department of Macroeconomics at the Halle Institute for Economic Research (IWH) , where I am pursuing my PhD. My research moves across macroeconomics, environmental economics and labour economics, both within these fields and at the points where they meet. My work has appeared in reputed peer-reviewed journals including Journal of Environmental Management, Renewable Energy, Sustainable Development, Economics of Governance and International Review of Applied Economics. I have been trained in economics across the Indian, British and German academic systems, which has given me a fairly mixed view of how the subject is taught, researched and applied. Before joining IWH, I held research positions at Leibniz Institute for Financial Research SAFE , the Chair in Monetary and Fiscal Policy at Goethe University Frankfurt , the National Growth & Macroeconomic Centre at NCAER , the Research Centre of the Deutsche Bundesbank , and the ifo Center for International Economics . Outside research, I am usually somewhere between a book, a sketchbook, a half-written screenplay, a theatre seat or a table-tennis table and, whenever I get the chance, underwater.

What I’m up to

Monetary and Macroprudential Policy in a Polluting Economy
with J. Bratsiotis and K. Pathirage
The green transition does not reshape every part of the economy in the same way. We attempt to find how differences in environmental exposure, investment and finance can shape the macroeconomic effects of climate policy.
Combining Labor Market Reforms and Fiscal Policy in Recessions
with Britta Gehrke and Enzo Weber
Reforms rarely happen in a vacuum. We study how the economic environment surrounding labour-market reforms can shape their employment consequences, with particular attention to the role of fiscal conditions when the economy is weak.
Environmental Debt as a Macroeconomic Vulnerability State
with Angeliki Menegaki · Working paper available on request
Ecological pressure is not only an environmental problem. Over time, it can become a hidden macroeconomic vulnerability that changes how strongly economies react when extreme weather strikes.
Measuring the Inequality Structure in India
with Mridula Debnath
What if places that look equally unequal are not unequal in the same way? This project looks beneath standard measures of inequality to study how distributional patterns differ across India, and why those differences may matter.
Financing Sustained Mitigation under Unequal Capital Costs: Carbon Pricing, Revenue Recycling and External Climate Finance
with Angeliki Menegaki · Working paper available on request
Climate ambition is global, but the cost of financing it is not. Unequal financial conditions can change the policy mix needed to make sustained decarbonisation possible.
Storage Scarcity and the Inflation Cost of Decarbonisation
Working paper version available on request
Clean electricity is not always reliable electricity. Storage scarcity can turn the energy transition into a macroeconomic problem, changing how shocks pass through to prices, inflation, and output.

Education

PhD Economics
IWH · 2026–present
MSc Economics
University of Tübingen · 2020–2022
MSc Financial Economics
University of Manchester · 2018–2019
BA Economics
University of Burdwan · 2014–2017