Sanjay R. Singh

Profile Picture

Position Title
Assistant Professor

1122 SSH
One Shields Avenue, Davis CA 95616


  • Ph.D., Economics, Brown University, 2017
  • B.A. (Honours), Economics, St. Stephen’s College, Delhi University, 2011


Sanjay Singh is an assistant professor of economics at the University of California, Davis. 

Research Focus

Professor Singh's research focuses on macroeconomics, monetary and fiscal policy, and international economics.

Link to Google Scholar

Link to Professional Website

Publications (selected)

  1. A Contagious Malady? Open Economy Dimensions of Secular Stagnation, with Gauti Eggertsson, Neil Mehrotra and Larry Summers, IMF Economic Review, Vol. 64(4), pp. 581–634, December 2016.
  2. Output Hysteresis and Optimal Monetary Policy, with Vaishali Garga, Journal of Monetary Economics, Vol 117, pp. 871–886, January 2021​.
  3. Longer-run economic consequences of pandemics, with Òscar Jordà and Alan M. Taylor, The Review of Economics and Statistics, Vol. 104 (1), pp 166–175, January 2022.
  4. Bond Premium Cyclicality and Liquidity Traps, with Nicolas Caramp, The Review of Economic Studies, November 2023, 90(6): 2822–2879. 
  5. Incorporating Diagnostic Expectations into the New Keynesian Framework, with Jean-Paul L’Huillier and Donghoon Yoo, The Review of Economic Studies, forthcoming.
  6. Understanding Persistent ZLB: Theory and Assessment, with Pablo Cuba-Borda, American Economic Journal: Macroeconomics, forthcoming.
  7. Supply or Demand? Policymakers' Confusion in the Presence of Hysteresis, with Antonio Fatás, European Economic Review, January 2024, 161, 104617.

Working Papers

  1. Low Risk Sharing with Many Assets, with Emile Marin.

  2. The Financial Origins of Non-Fundamental Risk, with Sushant Acharya and Keshav Dogra

  3. Distribution of Market Power, Endogenous Growth, and Monetary Policy, with Yumeng Gu


Sanjay Singh teaches undergraduate macroeconomics as well as graduate macroeconomics courses.


  1. Dr. Subir V. Gokarn Best Paper Award for The Long-run Effects of Monetary Policy at 19th Macroeconomics and Finance Conference 2021, IGIDR Mumbai (joint with Òscar Jordà and Alan M Taylor)
  2. Best Paper Award in Macro for Bond Premium Cyclicality and Liquidity Traps at the 2020 Delhi Winter School (joint with Nicolas Caramp)
  3. Mr. & Mrs. B.D. Gupta Economics Prize, St. Stephen’s College, Delhi
  4. St. Stephen’s College Centenary Prize & Medal
  5. K.C. Nag Economics Prize, St. Stephen’s College