Shekhar Aiyar

Shekhar Aiyar is the Director and Chief Executive of the Indian Council for Research on International Economic Relations (ICRIER). Prior to joining ICRIER, Dr. Aiyar was Assistant Director in the Research Department of the International Monetary Fund (IMF), where he coordinated the work programme on trade and industrial policy. Previously he served as the IMF’s Mission Chief for Germany and Head of the Eurozone Division. He has been a Visiting Scholar at the Johns Hopkins School of Advanced International Studies (SAIS), a Fellow of Bruegel, a Visiting Professor at the National Council of Applied Economic Research (NCAER) and an Advisor to the Bank of England.

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Contents

• Industrial Policy Can Lift Productivity—but Comes With Risks and Trade-offs
  • Published: November 25, 2025
  • Authors: Shekhar Aiyar, Mehdi Benatiya Andaloussi
  • Summary: Potential gains in targeted sectors and overall are not guaranteed and depend on careful policy design and implementation
• Charting Globalization’s Turn to Slowbalization After Global Financial Crisis
  • Published: February 8, 2023
  • Authors: Shekhar Aiyar, Anna Ilyina
  • Summary: Trade openness increased after the Second World War, but has slowed following the global financial crisis
• The Threat of Inequality of Opportunity
  • Published: November 7, 2019
  • Authors: Shekhar Aiyar, Christian Ebeke
• Making the Euro Area More Resilient Before the Next Recession Hits
  • Published: June 17, 2019
  • Authors: Shekhar Aiyar, John Bluedorn, Romain Duval
• The Euro Area Workforce is Aging, Costing Growth
  • Published: August 17, 2016
  • Authors: Shekhar Aiyar, Christian Ebeke, Xiaobo Shao
• A Strategy for Resolving Europe’s Problem Loans
  • Published: September 24, 2015
  • Authors: Shekhar Aiyar, Anna Ilyina
• Securitization: Restore Credit Flow to Revive Europe’s Small Businesses
  • Published: May 7, 2015
  • Authors: Shekhar Aiyar, Bergljot Barkbu, Andreas (Andy) Jobst

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Source: https://www.imf.org/en/blogs/authors/shekhar%20aiyar