Niloy BoseNiloy Bose


Office: Bolton Hall, Room 882
Phone: (414) 229-6132
Web Page:


Ph.D., Economics, Virginia Polytechnic Institute and State University (Virginia Tech)
M.A., Economics, Virginia Tech
M.A., Economics, Jawaharlal Nehru University, New Delhi, India
B.A., Economics, Jadavpur University, Calcutta, India.

Research Interests:

Macroeconomics and Monetary Economics, Economic Development and Growth Theory, Application of the Theory of Private Information.

Current Projects:

"Endogenous Corruption in a model of Economic Growth" (with Keith Blackburn and Mohammad E. Haque)

"Composition Effects of Government Expenditure on Growth" (with Osborn D. and Mohammad E. Haque)

"The Evolution of Stock Market in Economic Development"

"Financial Development, Financing Choice, and Economic Growth" (with Keith Blackburn and Salvatore Capasso)

Selected Publications:

 "Tax Evasion, the Underground Economy and Financial Development," Journal of Economic Behavior and Organization, 83(2), July 2012: 243 - 53. (with K. Blackburn and S. Capasso).

"The Optimal Public Expenditure Financing Policy: Does the Level of Economic Development Matter?" Economic Inquiry, 45(3), July 2007: 433-52 (with Jill A. Holman and Kyriakos C. Neanidis).

"The Incidence and the Persistence of Corruption in Economic Development," Journal of Economic Dynamics and Control, 30, 2006: 2447-67 (with Keith Blackburn and Mohammad E. Haque).

"Endogenous Growth and the Emergence of Equity Finance," Journal of Development Economics, 77, 2005: 173-188.

"Information, Imitation and Economic Growth," Journal of Development Economics, 70, February 2003: 201-223 (with Keith Blackburn).

"Inflation, Credit Market and Economic Growth," Oxford Economic Papers, 54, July 2002: 412-34.

"Asymmetric Information and Loan Contracts in a Neo-Classical Growth Model," Journal of Money, Credit, and Banking, 29, November 1997: 423-39 (with Richard Cothren).

"Equilibrium Loan Contracts and Endogenous Growth in the Presence of Asymmetric Information," Journal of Monetary Economics, 38, October 1996: 363-37 (with Richard Cothren).