Fiscal and Monetary Policy in Pandemic Times

The post “Convexity of Recovery” discussed the increasing costs that accompany the recovery in a post disaster package. This is perhaps due to the convexity nature of the recovery curve.  The post “Macroeconomics of Pandemics” discussed the peculiar nature of the dynamic interactions of Aggregate Demand and Aggregate Supply in the uncertain context of pandemic […]

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The Indian Lockdown

The much anticipated national shutdown has happened. Perhaps never in the history that 1.32 billion people would be confined to their homes for the next 21 days as the country seeks to combat the scourge of the Chinese virus that originated in Wuhan. As a matter of fact, the government had little options and the […]

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