Abstract
We discuss the impact of shocks from a sudden pandemic in a recessionary economy. The framework is one of imperfect knowledge with a standard New Keynesian model. Global aspects of dynamics with possible interest-rate lower bound are discussed.
Original language | English |
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Title of host publication | The Impact of COVID-19 on India and the Global Order |
Subtitle of host publication | A Multidisciplinary Approach |
Publisher | Springer Nature |
Pages | 171-188 |
Number of pages | 18 |
ISBN (Electronic) | 9789811684722 |
ISBN (Print) | 9789811684715, 9789811684746 |
DOIs | |
Publication status | Published - 18 Feb 2022 |
Bibliographical note
Publisher Copyright:© The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2022.
Keywords
- Adaptive learning
- Expectations
- New Keynesian model
- Productivity shocks
- Stagnation
ASJC Scopus subject areas
- General Social Sciences