Effects from Pandemic and Stagnation

Seppo Honkapohja; Kaushik Mitra

doi:10.1007/978-981-16-8472-2_8

Effects from Pandemic and Stagnation

Seppo Honkapohja, Kaushik Mitra^*

^*Corresponding author for this work

Department of Economics

University of Birmingham

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Scientific › peer-review

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
Title of host publication	The Impact of COVID-19 on India and the Global Order
Subtitle of host publication	A Multidisciplinary Approach
Publisher	Springer
Pages	171-188
Number of pages	18
ISBN (Electronic)	978-981-16-8472-2
ISBN (Print)	978-981-16-8471-5
DOIs	https://doi.org/10.1007/978-981-16-8472-2_8
Publication status	Published - 2022
MoE publication type	A3 Book section, Chapters in research books

Keywords

Adaptive learning
Expectations
New Keynesian model
Productivity shocks
Stagnation

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10.1007/978-981-16-8472-2_8

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Effects from Pandemic and Stagnation

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Keywords

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