.svg){kind=icon}
.svg){kind=icon}
%201.svg){kind=icon}
%201.svg){kind=icon}
.svg){kind=icon}
.svg)
.svg)
Ayushi Bajaj
Ayushi Bajaj is Lecturer (Assistant Professor) at Monash University in Melbourne, Australia. Ayushi’s field of research is macro and monetary economics and within this, her core area of interest lies in analysing monetary institutions and how they have emerged. Besides a basic intellectual curiosity, her interest is further fuelled by the direct links these institutions have with macroeconomic outcomes that directly impact people.
.svg)
Financing of fiscal response to Covid-19: A red herring?
Governments around the world are frenetically announcing an expanding slew of rapid response measures to address the fallouts of Covid-19 pandemic. The fiscal price tag on these measures is massive and growing rapidly. In this post, Datt and Bajaj argue for an alternative way of financing the fiscal response in India: the Reserve Bank of India could directly buy government bonds to the tune of the fiscal response, offering money to the government account, and then write it off.
