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

Economics

Research output: Chapter in Book/Report/Conference proceeding › Chapter

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 Nature
Pages	171-188
Number of pages	18
ISBN (Electronic)	9789811684722
ISBN (Print)	9789811684715, 9789811684746
DOIs	https://doi.org/10.1007/978-981-16-8472-2_8
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

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10.1007/978-981-16-8472-2_8Licence: None: All rights reserved

Cite this

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Effects from Pandemic and Stagnation

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

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