V. K. CHETTY, economist in the field of General Equilibrium Theory; Monetary Economics; Planning. National Bureau of Economie Research, New York, New York, United States of America Research Fellow, 1969-1970; United States Social Science Research Council, United Kingdom or United States of America Fellow,
CHETTY, V. K. was born in 1938 in Puduvayal, India.
Bachelor of Science (Statistics) Annamalai University, 1959. Master of Science, Doctor of Philosophy University Wisconsin, 1965, 1966.
Lector Statistics, Annamalai University, 1959-1962. Assistant Professor, University Wisconsin, 1966-1967. Association Professor, Columbia University, 1967-1971.
Visiting Professor, Centre for Operations Research and Econometrics, Belguim, Belgium, 1971-1972, University Warwick, 1981. Cowles Foundation, Yale University, 1982. Professor of Economics, Indian State Institute, Institution, New Delhi, India, since 1972.
Association Editor, J. Business and Economics Statistics, J. Quantitative Economics.
Eary work related to econometric methods, in particular to studies of finite sample properties of estimators of simultaneous equations systems from a Bayesian viewpoint. Applications of Bayesian methods to study distributed lags with special reference to demand for financial assets. Developed simple models to study the substitutability among financial assets.
In order to formulate Bayesian priors based on economic theory and to build models incorporating money, I developed an interest in economic theory. Studied existence of temporary general equilibria with many periods and uncertain technology and efficiency properties of such equilibria. Worked on non-Walrasian general equilibrium models with price rigidities and rationing.
Using these models I studied problems of price and distribution control in Indian industries.