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COVID-19: Global Diagnosis and Future Policy Perspective

Author

Listed:
  • Rangan, Divy

    (National Institute of Public Finance and Policy)

  • Chakraborty, Lekha

    (National Institute of Public Finance and Policy)

Abstract

We analysed the macroeconomic policy responses to COVID-19 pandemic and the impact of the pandemic on economic growth, and the level of consumption. The COVID-19 crisis is a dual crisis - public health crisis and a macroeconomic crisis. The policy responses to this crisis have been a `life versus livelihood' sequencing and the findings are such that global cooperation, and domestic macroeconomic policies complementing with exit strategy to solve the economic disruptions in supply chains can be helpful.

Suggested Citation

  • Rangan, Divy & Chakraborty, Lekha, 2020. "COVID-19: Global Diagnosis and Future Policy Perspective," Working Papers 20/304, National Institute of Public Finance and Policy.
    • Handle: RePEc:npf:wpaper:20/304
    Note: Working Paper 304, 2020
    as

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    File URL: https://www.nipfp.org.in/media/medialibrary/2020/05/WP_304_2020.pdf
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    References listed on IDEAS

    as
    1. Chakraborty, Lekha & Thomas, Emmanuel, 2020. "COVID-19 and Macroeconomic Uncertainty: Fiscal and Monetary Policy Response," Working Papers 20/302, National Institute of Public Finance and Policy.
    2. Paul T E Cusack, 2020. "On Pain," Biomedical Journal of Scientific & Technical Research, Biomedical Research Network+, LLC, vol. 31(3), pages 24253-24254, October.
    3. Jena, Pratap Ranjan & Singh, Abhishek, 2020. "Emerging Fiscal Priorities and Resource Concerns: A Perspective on Fiscal Management from Madhya Pradesh," Working Papers 20/303, National Institute of Public Finance and Policy.
    4. Mukherjee, Sacchidananda, 2020. "Performance Assessment of Indian GST: State-level Analysis of Compliance Gap and Revenue Growth," Working Papers 20/301, National Institute of Public Finance and Policy.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Anand, Abhishek & Chakraborty, Lekha S, 2019. "Impact of Negative Interest Rate Policy on Emerging Asian markets: An Empirical Investigation," MPRA Paper 99426, University Library of Munich, Germany, revised 2020.
    2. Titus Suciu, 2020. "From The Globalization To The Localization: Lessons And Solutions To This Pandemic Crisis," Management Strategies Journal, Constantin Brancoveanu University, vol. 50(4), pages 78-84.

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    More about this item

    Keywords

    COVID-19 ; Monetary Policy ; Fiscal Policy ; Macroeconomic Responses;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development

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