<![CDATA[Marginally Speaking by Vasudha Nukala, Indian School of Business (ISB)]]>ac940304-34f6-5332-8d77-07a98e7376c7Tue, 24 Feb 2026 09:18:38 +0000Captivate.fmISB Studios -https://artwork.captivate.fm/079f7258-91ce-4069-98a5-11322f49ba20/MS-Cover.jpgMarginally Speaking by Vasudha Nukala, Indian School of Business (ISB)ISB Studios -ISB Studios -Marginally Speaking is an academic coffee chat podcast hosted by Dr Vasudha Nukala of the Indian School of Business. We host global researchers to explore the ideas and stories behind their work, bridging the gap between academia and the public.https://marginally-speaking-isb.captivate.fmfalseepisodicnopodcastDoes Better Internet Actually Make You Richer?Does Better Internet Actually Make You Richer?Does a permanent increase in income really change how people spend and plan for the future? In this episode of Marginally Speaking, Prof Vasudha Nukala speaks with Professor Sumit Agarwal (National University of Singapore) about a rare real-world test of the Permanent Income Hypothesis. Using the staggered rollout of 3G and 4G networks across India as a natural experiment, Agarwal shows how digital infrastructure affects income growth, consumption patterns, and financial behaviour over time. The discussion reveals how technology shocks translate into economic mobility and what this tells us about long-standing assumptions in economic theory.

]]>Does a permanent increase in income really change how people spend and plan for the future? In this episode of Marginally Speaking, Prof Vasudha Nukala speaks with Professor Sumit Agarwal (National University of Singapore) about a rare real-world test of the Permanent Income Hypothesis. Using the staggered rollout of 3G and 4G networks across India as a natural experiment, Agarwal shows how digital infrastructure affects income growth, consumption patterns, and financial behaviour over time. The discussion reveals how technology shocks translate into economic mobility and what this tells us about long-standing assumptions in economic theory.

]]>bebccdb4-26eb-4a4e-9d40-4f8a7053dc4eFri, 20 Feb 2026 05:15:00 -050022:06falsefull1331Why Pension Funds Bet on Rookie ManagersWhy Pension Funds Bet on Rookie ManagersWhy do pension funds entrust billions of dollars to first-time fund managers with limited track records? In this episode of Marginally Speaking, Professor Vasudha Nukala speaks with Professor Amit Goyal (University of Lausanne) about a puzzling trend in institutional investing.

Drawing on new research into private equity allocations, Goyal explains why pension funds increasingly back “rookie” managers, how incentives and information frictions shape these decisions, and why experience does not always translate into capital access. The conversation sheds light on how opaque investment processes influence retirement outcomes across global markets.

]]>Why do pension funds entrust billions of dollars to first-time fund managers with limited track records? In this episode of Marginally Speaking, Professor Vasudha Nukala speaks with Professor Amit Goyal (University of Lausanne) about a puzzling trend in institutional investing.

Drawing on new research into private equity allocations, Goyal explains why pension funds increasingly back “rookie” managers, how incentives and information frictions shape these decisions, and why experience does not always translate into capital access. The conversation sheds light on how opaque investment processes influence retirement outcomes across global markets.

]]>57d19dcd-59a6-4782-bc65-7bea9e297eb7Fri, 06 Feb 2026 03:05:00 -050021:19falsefull1221Profitable Misconduct: Why Fragile Banks SurviveProfitable Misconduct: Why Fragile Banks SurviveWhy are banks allowed to remain fragile, and who truly benefits from this instability? In this episode of Marginally Speaking, Professor Vasudha Nukala (ISB) speaks with Professor Anat Admati of Stanford University to examine why weak bank capitalisation persists despite repeated crises. Drawing on his influential research and writing, Admati explains how regulatory failures, political incentives, and muted accountability allow risky behaviour to become profitable rather than punished. The conversation explores why large fines rarely change conduct, how systemic fragility is normalised, and what meaningful reform would actually require.

]]>Why are banks allowed to remain fragile, and who truly benefits from this instability? In this episode of Marginally Speaking, Professor Vasudha Nukala (ISB) speaks with Professor Anat Admati of Stanford University to examine why weak bank capitalisation persists despite repeated crises. Drawing on his influential research and writing, Admati explains how regulatory failures, political incentives, and muted accountability allow risky behaviour to become profitable rather than punished. The conversation explores why large fines rarely change conduct, how systemic fragility is normalised, and what meaningful reform would actually require.

]]>a98b3027-b45c-402a-9b67-3b6a48216a8eFri, 23 Jan 2026 06:48:00 -050029:07falsefull1111