COVID-19 and Macroeconomic Uncertainty: Fiscal and Monetary Policy Response
Published By: NIPFP | Published Date: April, 13 , 2020The macroeconomic uncertainty created by COVID-19 is hard to measure. The
situation demands simultaneous policy intervention in terms of public health
infrastructure and livelihood. Along with the global community, India too has announced
its initial dose of fiscal and monetary policy responses. However, more fiscal–monetary
policy coordination is required to scale up the policy response to the emerging crisis.
Innovative sources of financing the deficit, including money financing of fiscal programmes,
a variant of “helicopter money,” need to be explored. [NIPFP WP 302].
Author(s): Lekha S. Chakraborty | Posted on: Apr 29, 2020 | Views() | Download (161)