ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Macroeconomic Consequences of a Lockdown and Its Policy Implications

The unprecedented lockdown has pushed economies into dire straits and also raised hopes that they would soon rebound to the old normal as soon as the pandemic is contained. But this is unlikely as the deterioration in the resource position and slump in demand can be reversed only by discarding the usual macroeconomic framework and by using a different approach and implementing out-of-the-box solutions. This analysis enables us to understand what policies may or may not work during and after a lockdown and the role of a stimulus and its magnitude.



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Updated On : 28th Sep, 2020

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