Ayushi Bajaj

Ayushi Bajaj serves as Senior Lecturer in the Department of Economics at Monash University, where her research bridges theoretical monetary models with contemporary policy challenges including demonetization impacts, pandemic fiscal responses, and liquidity dynamics in global markets. Her scholarly profile reflects active engagement in high-impact economic research with consistent publications in premier journals.

Dr. Bajaj's research program centers on monetary economics and payment systems, examining how institutional changes like India's demonetization affect consumer behavior and how monetary frameworks function under adverse selection. Her work extends to fiscal policy innovation, particularly pragmatic financing mechanisms for pandemic responses, demonstrating strong connections between theoretical modeling and real-world economic phenomena. This dual focus on foundational monetary theory and urgent policy applications defines her scholarly contributions.

Analysis of her publication trajectory (2017-2023) reveals deepening specialization in payment system dynamics and monetary policy transmission, with increasing emphasis on data-driven analysis of major economic disruptions. The progression from theoretical model refinements toward policy-relevant studies of demonetization and pandemic responses highlights her adaptive research agenda addressing evolving global economic challenges.

As Primary Chief Investigator for the externally funded project "Global Economic Uncertainty, Liquidity and Monetary Policy in Australia" (2021-2025), Dr. Bajaj demonstrates significant research leadership. This five-year initiative examines how international economic volatility affects Australian monetary policy implementation, positioning her at the forefront of applied monetary economics research with direct relevance to central bank operations.