Research Interests

Corporate Governance and Institutions, Financial Economics, Computational General Equilibrium (CGE) Modelling, Sustainable Finance, Time Series and Machine learning applications in Macroeconomics.

BioSketch

Educational Details

SGTB Khalsa College, University of Delhi

2013

B.A. (Honours), Economics

Madras School of Economics

2015

M.Sc., General Economics

Indian Institute of Technology Kanpur

2020

PhD, Economics

Professional Background

Assistant Professor

23 Nov 2020 - Present

Indian Institute of Technology Roorkee

Joint Faculty at Mehta Family School of DS & AI

28 Jun 2021 - Present

IIT Roorkee

Research Work

03 Sep 2019 - 29 Feb 2020

SCBD, UNEP, Montreal, Canada

Research

Projects

TOPIC	START DATE	FIELD	DESCRIPTION	FINANCIAL OUTLAY	FUNDING AGENCY	OTHER OFFICERS
Networks and Sentiment Sensitivity of Firms,	20 Jan 2022	Corporate Governance and Market Sentiments		Rs. 20.00 Lacs	IIT Roorkee, (PI)
Developing Deep Learning-based Strategies, Tools and Apps in Global Financial Markets	09 May 2023	Financial Economics and Data Science		Rs. 33.18 lacs	SamrtAlpha Pvt. Ltd., (PI)
Embedding Crowding to Passenger Information System using Electronic Ticketing Data	18 Sep 2023	Transportation and Urban Economics		31.68 lacs	TIH-IIT Kharagpur (PI)
Advanced Transport Modeling and Simulation for National Highways in India under CATTS	25 Mar 2022	Transportation and Environmental Economics		Rs. 495.00 Lacs	IAHE (MoRTH), (Co-PI)
CO-INVENT: COoperative project between India and Norway on studying cryo-climatology of the glaciated Himalayan regioN	03 Nov 2025	Urban and Environmental Economics		100 Lacs	UGC (Co-PI), Norway
Char Dham Ropeway Project: Assessment on Lives and Livelihood	06 Apr 2026	Public Policy		Rs. 14.30 Lacs	ICSSR (PI), India

Publications

Do global bond market sentiments transmit to green bonds? Evidence from a quantile connectedness framework

2026

Chahal, R. J. K., Bidasaria, H, Khan, H. A. and Ahmad, W. | Elsevier

Journal: Journal of Behavioral and Experimental Finance

Bridging behavioral insights and quantitative finance: AI-powered Black–Litterman framework with technical and sentiment signals

2026

Manish and Chahal, R. J. K. | Elsevier

Journal: Review in International Business and Finance

The evolving influence of news and social media sentiments on Indian sectoral returns during COVID-19: TVP-VAR extended joint connectedness approach

2025

Khan, H. A. and Chahal, R. J. K. | Emerald

Journal: Review of Behavioral Finance Pages: 1-23 ,

Central Bank Digital Currency and Multidimensional Bank Stability Index: Does Monetary Policy Play a Moderating Role?

2025

Gupta, G., Gulati, R and Chahal, R. J. K | Asian Development Bank

Journal: Asian Development Bank Working Paper Series

"Political Connections and Corporate Debt Structure: Moderating effect of Government-owned Banks of India

2025

Chahal, R.J.K., Ahmad, W. | Wiley

Journal: The Journal of Accounting, Finance and Business Studies

Asymmetric impact of social media sentiments and stock market uncertainty on Indian sectoral returns: A quantile-on-quantile approach

2025

Khan, H. A. and Chahal, R. J. K. | Elsevier

Journal: The North American Journal of Economics and Finance

Do Political Connections Spur Technology Transfer? Evidence from India from a Governance Perspective

2023

Ahmad, W, Chahal, R.J.K. | Asian Development Bank

Journal: Asian Development Bank Working Paper Series

Understanding the impact of the coronavirus outbreak on the economic integration of ASEAN countries

2022

Ahmad, W., Chahal, R.J.K. Sirin, R. | Elsevier

Journal: Asia and the Global Economy

COVID-19 Pandemic and firm-level dynamics in the USA, UK, Europe, and Japan

2021

Ahmad, W., Kutan, Ali M., Chahal, R.J.K., Kattumuri, Ruth | Elsevier

Journal: International Review of Financial Analysis

A firm-level analysis of the impact of the Coronavirus outbreak in ASEAN

2021

Ahmad, W., Chahal, R.J.K., Rais, Sirin | ERIA Discussion Paper Series

Journal: ERIA's Discussion Paper Series No. 397

Political connections, investment inefficiency, and the Indian banking crisis

2020

Chahal, R. J. K., & Ahmad, W. | Elsevier

Journal: The Quarterly Review of Economics and Finance

On the intraday dynamics of oil price and exchange rate: What can we learn from China and India?

2020

Ahmad, W., Prakash, R., Uddin, G. S., Chahal, R. J. K., Rahman, M. L., & Dutta, A. | Elsevier

Journal: Energy Economics

Books

Contribution: On the determinants of economic integration in SAARC countries: a macroeconomic perspective (Book: Economic and Financial Integration in South Asia)

Year: 2020 , ISBN: 9780815380139

Sehgal, S., Ahmad, W., & Chahal, R. J. K. | Routledge

Linking Corporate and Environmental Governance to the Sustainable Development Goals in an Emerging Economy (Book: Striving to Meet the Sustainable Development Goals: Next Steps for Policymakers and Practitioners)

Year: 2025 , ISBN: 978-4-89974-324-8

Chahal, R. J. K. & Ahmad, W., https://doi.org/10.56506/ACFH4829 | ADBI

Honors And Awards

Honors

Mehta Family School of Sustainability, IIT Indore, Indore, India

2026

Best Paper Award at the Symposium on Ecology, Governance & Technology

IIT Dhanbad, Dhanbad, India

2025

Best Paper Award at FINCON 2025

NIUA, MoHUA

2023

Datathon Challenge

UGC

2014

National Eligibility Test (NET) in Economics

CBSE

2010

Merit Certificate (given to top 0.1% successful candidates in HSSC)

Teaching Engagements

Introduction to Econometric Theory ( HSC 205 )

Spring

Time Series Analysis and Applications ( HSC 507 )

Autumn

Introduction to Data Science ( DAI-101 )

Autumn

Building Economics ( HSN 352 )

Spring

AI for Investment ( AID 562 )

Spring

Basic Econometrics ( HSN 509 )

Spring

Economics ( HSN01 )

Spring

Economics ( HSN01 )

Autumn

Money, Banking and Financial Markets ( HSN 506 )

Autumn

Time Series Data Analysis ( AID 555 )

Autumn

Students

SuperVisions

Examining the role of Investor Sentiment in Financial Markets

20 Jul 2021 - Present

Other Supervisors: , Scholar: Hera Asif Khan

Essays on Urban Agglomeration

20 Jul 2021 - Present

Other Supervisors: , Scholar: Parthasarathi Sahu

Essays of Board Networks of ASEAN Economies with a special attention to India

20 Jul 2022 - Present

Other Supervisors: , Scholar: Danish Ahmad

Essays in Energy Transition: A CGE Analysis

02 Jan 2023 - Present

Other Supervisors: Prof. Amit Agarwal (Department of Civil Engineering, IIT Roorkee), Scholar: Rajat Kumar

Digital Payment Systems and Fintech in Indian Banks, India

05 Jan 2022 - Present

Other Supervisors: Prof Rachita Gulati (Department of HSS, IIT Roorkee), Scholar: Kavita Yadav

Essays on Monetary Policies in Emerging Market Economies

20 Jul 2022 - Present

Other Supervisors: Prof Rachita Gulati (Department of HSS, IIT Roorkee), Scholar: Garima Gupta

Essays on AI-Driven Portfolio Optimization and Forecasting

24 Jul 2023 - Present

Other Supervisors: , Scholar: Manish

Essays on Urban Sprawl Patterns in India

05 Jan 2024 - Present

Other Supervisors: , Scholar: Yogesh Yadav

yet to decide, India

21 Jul 2025 - Present

Other Supervisors: , Scholar: Sneha Pallath

yet to decide, India

21 Jul 2025 - Present

Other Supervisors: , Scholar: Anushka

yet to be decided, India

12 Jan 2026 - Present

Other Supervisors: , Scholar: Mayur Sharma

yet to be decided, India

12 Jan 2026 - Present

Other Supervisors: , Scholar: Suraj Pal Kurrey

Miscellaneous

Visits

UNEP, Montreal, Canada

2019-09-01

Research Internship

UNSW, Sydney

2022-05-16

Technical Discussion

Administrative Positions

Member of SFSC at Mehta Family School of Ds & AI

25 Jul 2022 - Present

IIT Roorkee

MSc. Seminar and Dissertation Coordinator

23 Jul 2024 - Present

IIT Roorkee, India

Examination-Incharge

20 Apr 2022 - 02 Sep 2024

Department of HSS

Member Secretary at Mehta Family School of DS & AI

03 Nov 2023 - 23 Jul 2024

IIT Roorkee

Chief Warden, Kasturba Bhawan

06 Jul 2022 - 20 Jun 2024

Indian Institute of Technology Roorkee

Warden, Kasturba Bhawan

01 Jul 2021 - 30 Jun 2022

Indian Institute of Technology Roorkee