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Research Interests
international trade, economics of terrorismSelected Work
“Voluntary Participation in a Terror Group and Counterterrorism Policy”
with Todd Sandler
Journal of Economic Behavior & Organization, November 2023, Vol. 215, pp. 500-513
Related working paper (PDF)
“Politically Influenced Counterterrorism Policy and Welfare Efficiency”
with Todd Sandler
European Journal of Political Economy, January 2023, Vol. 76, 102250, pp. 1-15
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“Effects of Defensive and Proactive Measures on Competition Between Terrorist Groups”
with Todd Sandler
Journal of Conflict Resolution, 11/01/2022, Vol. 66, No. 10, pp. 1797-1825
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“Counterterrorism Policy: Spillovers, Regime Solidity, and Corner Solutions”
with Todd Sandler
Journal of Economic Behavior & Organization, 08/01/2021, Vol. 188, No. 1, pp. 811-827
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“Truncated Firm Productivity Distributions and Trade Margins”
with Cletus C. Coughlin
Economics Letters, November 2020, Vol. 196, 109596, pp. 1-4
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“Terms-of-Trade and Counterterrorism Externalities”
with Todd Sandler and Javed Younas
Oxford Economic Papers, April 2020
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“Trade and Terrorism: A Disaggregated Approach”
with Todd Sandler and Javed Younas
Journal of Peace Research, September 2018, Vol. 55, No. 5, pp. 656-670
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“Unauthorized Immigration and Fiscal Competition”
with Santiago Pinto
European Economic Review, February 2017, Vol. 92, pp. 283-305
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“International Oligopoly, Barriers To Outsourcing And Domestic Employment”
with Sugata Marjit and Lei Yang
Canadian Journal of Economics-Revue Canadienne d'Economique, November 2014, Vol. 47, No. 4, pp. 1372-1386
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“Immigration Policy and Counterterrorism”
with Todd Sandler
Journal of Public Economics, February 2014, Vol. 110, pp. 112-123
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“The Trade-Offs of Counterterrorism Policies”
with Todd Sandler
Federal Reserve Bank of St. Louis Review, Third Quarter 2023
“Immigrant Employment Patterns during the Pandemic”
with Praew Grittayaphong
Federal Reserve Bank of St. Louis The Regional Economist, Second Quarter 2022
“What Is Driving Unauthorized Immigration to the U.S.?”
with Praew Grittayaphong
Federal Reserve Bank of St. Louis The Regional Economist, Fourth Quarter 2021
“Educational Attainment of Immigrants at the National and Eighth District Levels”
Federal Reserve Bank of St. Louis The Regional Economist, Fourth Quarter 2020, Vol. 28, No. 4
“Offshoring to a Developing Nation with a Dual Labor Market”
with Arnab Basu, Nancy Chau, and Devashish Mitra
Federal Reserve Bank of St. Louis Review, Third Quarter 2020
“Immigration: The Characteristics of Green Card Holders”
with Asha Bharadwaj
Federal Reserve Bank of St. Louis The Regional Economist, Fourth Quarter 2019, Vol. 27, No. 4
“Effects of Credit Supply on Unemployment and Income Inequality”
with Elias Dinopoulos and Bulent Unel
Federal Reserve Bank of St. Louis Review, Fourth Quarter 2018
“Unauthorized Immigration in the U.S.: Trends in Recent Years”
Asha Bharadwaj
Federal Reserve Bank of St. Louis The Regional Economist, Fourth Quarter 2018, Vol. 26, No. 4
“Taking a Closer Look at U.S. Exports to China”
with Asha Bharadwaj and Suryadipta Roy
Federal Reserve Bank of St. Louis The Regional Economist, Third Quarter 2018, Vol. 26, No. 3
“Terrorism, Trade, and Welfare”
with Todd Sandler and Javed Younas
Federal Reserve Bank of St. Louis Review, Third Quarter 2017
“The Effects of Terrorism on Trade: A Factor Supply Approach”
with Todd Sandler
Federal Reserve Bank of St. Louis Review, Third Quarter 2014
“Donor Motives for Foreign Aid”
with E. Katarina Vermann
Federal Reserve Bank of St. Louis Review, July/August 2013
“A Theoretical Treatment of Foreign Fighters and Terrorism” (PDF)
with Todd Sandler
Federal Reserve Bank of St. Louis Working Paper 2024-011A, May 2024
“Immigration from a Terror-prone Nation: Destination Nation’s Optimal Immigration and Counterterrorism Policies” (PDF)
with Khusrav Gaibulloev and Todd Sandler
Federal Reserve Bank of St. Louis Working Paper 2023-014A, June 2023
“On Terms of Trade, Offshoring Ties, and the Enforcement of Trade Agreements” (PDF)
with Arnab Basu, Nancy Chau, and Devashish Mitra
Federal Reserve Bank of St. Louis Working Paper 2022-039B, July 2024
“Effects of Credit Supply on Unemployment and Inequality” (PDF)
with Elias Dinopoulos and Bulent Unel
Federal Reserve Bank of St. Louis Working Paper 2016-013A, June 2016
“Terrorism, Trade and Welfare: Some Paradoxes and a Policy Conundrum” (PDF)
with Todd Sandler and Javed Younas
Federal Reserve Bank of St. Louis Working Paper 2016-002A, March 2016
“Determinants of Trade Margins: Insights Using State Export Data” (PDF)
with Cletus C. Coughlin
Federal Reserve Bank of St. Louis Working Paper 2014-006C, November 2015
“Should Easier Access to International Credit Replace Foreign Aid?” (PDF)
with Sajal Lahiri and Javed Younas
Federal Reserve Bank of St. Louis Working Paper 2011-023A, September 2011
“Enlargement and Common External Tariff in a Political-Economic Model of Customs Union” (PDF)
with Sajal Lahiri and Suryadipta Roy
Federal Reserve Bank of St. Louis Working Paper 2008-022A, May 2008
Subhayu Bandyopadhyay is an economic policy advisor in the Research division of the Federal Reserve Bank of St. Louis, which he joined in May 2007. His recent work has applied micro-theoretic tools to analyze topics such as trade and offshoring policy, enforcement policy against unauthorized immigration, and effects of terrorism on trade. He received his Ph.D. in economics from the University of Maryland, College Park. His research has been published in Journal of Conflict Resolution, Journal of Development Economics, Journal of International Economics, and Journal of Public Economics, among others. He is an associate editor of Economics and Politics and has previously served as the editor of the St. Louis Fed Regional Economist. He is a research fellow at IZA (Institute for the Study of Labor), Bonn, Germany. Previously, Bandyopadhyay was an associate professor of economics at West Virginia University in Morgantown. He has taught international trade at the undergraduate and graduate levels at Washington University in St. Louis and Universidad de los Andes in Bogota, respectively.
