Macroeconomics

Covid-19: Curated content and resources

  • Blog Post Date 07 April, 2020
  • Perspectives
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Watch this space as we bring together our pick of articles, videos, and podcasts as well as useful links with credible information on Covid-19.

Corenet: The COVID-19 Research Network is an effort to build a community of practice to foster exchange and collaboration among research organisations gathering information on issues relevant to the COVID-19 pandemic in India.

Working paper by Debraj Ray and S. Subramanian titled 'India’s Lockdown: An Interim Report': https://debrajray.com/wp-content/uploads/2020/05/RaySubramanian.pdf

Covid-19 section on the website of PRS Legislative Research has collated all major official data and notifications from central and state governments: https://prsindia.org/covid-19/overview

Vikram Patel writes on 'India's Tryst with Covid-19': https://www.theindiaforum.in/article/indi-s-tryst-covid-19

E. Somanathan writes on 'Groping in the Dark with an Abyss on Both Sides: The Covid-19 numbers we don’t have and how we can get them': https://medium.com/@e.somanathan/groping-in-the-dark-with-an-abyss-on-both-sides-the-covid-19-numbers-we-dont-have-and-how-we-can-71aff8216e61

Webinar by Paul Romer on ‘How to re-start the economy after COVID-19’, organised by Princeton University: https://bcf.princeton.edu/event-directory/covid19_04/

Webinar by Ramanan Laxminarayan on ‘Integrating economics and epidemiology to fight Covid-19’, organised by Princeton University: https://bcf.princeton.edu/event-directory/covid19_03/

Summary of Report by COV-IND-19 Study Group on 'Predictions and role of interventions for COVID-19 outbreak in India': https://medium.com/@covind_19/predictions-and-role-of-interventions-for-covid-19-outbreak-in-india-52903e2544e6

Study by Imperial College COVID-19 Response Team on 'Impact of non-pharmaceutical interventions (NPIs) to reduce COVID19 mortality and healthcare demand': https://www.imperial.ac.uk/media/imperial-college/medicine/sph/ide/gida-fellowships/Imperial-College-COVID19-NPI-modelling-16-03-2020.pdf

Tomas Pueyo writes on 'Coronavirus: Why you must act now': https://medium.com/@tomaspueyo/coronavirus-act-today-or-people-will-die-f4d3d9cd99ca

I4I Content

Pre-Covid economy

What should we do about the Indian economy? A wide-angled perspective - I - Ashok Kotwal (Editor-in-Chief, I4I), Pronab Sen (IGC India). Part II | Part III | Part IV. Reprinted from The India Forum.

Does the current economic slowdown warrant a fiscal boost? - Gurbachan Singh (ISI, Delhi Centre)

How banking crisis is impeding India’s economy - Rajeswari Sengupta (IGIDR), Harsh Vardhan (SP Jain Institute of Management and Research). Reprinted from the East Asia Forum.

What is happening to rural welfare, poverty, and inequality in India? - S. Subramanian (Independent Scholar)

There are none so blind as they who will not see - Pronab Sen (IGC India)

How India’s growth bubble fizzled out - Ashoka Mody (Princeton University). Reprinted from the Mint.

Impact on economic growth/ macroeconomic issues

Covid-19: Impact on income inequality in India - Mrinalini Jha, Rahul Lahoti (Azim Premji University)

Economic consequences of Covid-19 lockdowns: Lessons from India’s first wave - Robert CM Beyer (World Bank), Tarun Jain (IIM Ahmedabad), Sonalika Sinha (Reserve Bank of India).

De-globalisation driven by global crises - Assaf Razin (Tel Aviv University)

The Covid-19 shock: Learnings from the past, addressing the present - I - Pronab Sen (IGC India). Part II | Part III | Part IV | Part V | Webinar

[I4I Podcast] Covid-19: Ashok Kotwal speaks with Pronab Sen - Ashok Kotwal (Editor-in-Chief, I4I), Pronab Sen (IGC India)

[CDES-I4I] Webinar video: The new Coronavirus and the Indian economy - Ashok Kotwal (Editor-in-Chief, I4I)

Covid-19: The infected economy - Amartya Lahiri (University of British Columbia)

Covid-19: Health, macroeconomics, and trade - Anirudh Singhal (ICRIER)

Covid-19: Macroeconomic implications for India - Rajeswari Sengupta (IGIDR)

Covid-19: Dealing with the economic consequences - Ram Singh (Delhi School of Economics)

Covid-19 crisis: Response should not undermine institutions - Rajeswari Sengupta (IGIDR), Harsh Vardhan (SP Jain Institute of Management and Research)

Only germs this time, no guns and steel (yet)? - Anindaya Chakrabarti, Chirantan Chatterjee (IIM Ahmedabad)

Covid-19: Escaping the economic dangers - E. Somanathan (ISI, Delhi Centre). Reprinted from the Financial Express.

Monetary and fiscal policy

Fiscal rules during the Covid-19 pandemic - Radhika Pandey (NIPFP), Sahana Roy Chowdhury (ICRIER)

Covid-19, and the way to avoid a blunt interest rate policy - Gurbachan Singh (ISI, Delhi Centre)

Covid-19: Does the Government of India really have little fiscal space? - Gurbachan Singh (ISI, Delhi Centre)

Covid-19: Getting fiscal policy right - Gurbachan Singh (ISI, Delhi Centre)

Financing of fiscal response to Covid-19: A red herring? - Ayushi Bajaj, Gaurav Datt (Monash University)

Covid-19: Reserves to the rescue - Gurbachan Singh (ISI, Delhi Centre).

[Infographic]

Centre-state finances

Covid-19: Conditions on state borrowing need a rethink - Mayank Jain, D. Priyadarshini (NIPFP)

Consequences of Covid-19 for state finances - Pronab Sen (IGC India)

States’ loss of fiscal autonomy in a centralised federal system - Govinda Rao (Member, Fourteenth Finance Commission)

Financial sector

Covid-19 crisis: How policy can revive lending appetite among banks - K. Srinivasa Rao (Institute of Insurance and Risk Management)

Covid-19 and debt moratorium conundrum: The case of microfinance - Giorgia Barboni (University of Warwick), Misha Sharma (Dvara Research)

Covid-19: Right opportunity to strengthen the Insolvency and Bankruptcy code - K. Srinivasa Rao (Institute of Insurance and Risk Management)

Policymaking at a time of high risk-aversion - Rajeswari Sengupta (IGIDR), Harsh Vardhan (SP Jain Institute of Management and Research)

Dealing with the pandemic

The intergenerational mortality tradeoff of Covid-19 lockdown policies Lin Ma (Singapore Management University), Gil Shapira, Damien De Walque, Quy-Toan Do, Jed Friedman (World Bank), Andrei Levchenko (University of Michigan).  Reprinted from World Bank blog.

Covid-19 and growing food insecurity: Insights from rural BiharSunil Kumar Mishra, Swati Dutta, Aditi Madan (Institute for Human Development)

Challenges faced by community health workers in Covid-19 containment efforts - Devanik Saha (University of Sussex), Somya Bhatia & Stutilina Pal (Srijan India)

Leveraging global supply chains to fight Covid-19 - C. Veeramani, Anwesha Basu (IGIDR)

Covid-19 vaccine hesitancy: Trends across states, over time - Soumi Roy Chowdhury (NCAER), Abhinav Motheram (NCAER), Santanu Pramanik (NCAER)

Covid-19 and other diseases: An ‘Animal Farm’ perspective - Debraj Ray (New York University), S. Subramanian (Independent Scholar).  Reprinted from Frontline.

Covid-19: Debunking fake news among slum-dwellers - Alex Armand (Nova School of Business and Economics), Britta Augsburg (Institute for Fiscal Studies), Antonella Bancalari (Institute for Fiscal Studies)

We need a Marshall Plan to fight COVID-19 - Parikshit Ghosh (Delhi School of Economics)

India’s battle against Covid-19: A comparative perspective - Sugata Ghosh (Brunel University), Sarmistha Pal (University of Surrey)

[Infographic]

Age composition of population and Covid-19Parantap Basu (Durham University), Kunal Sen (UNU-WIDER)

Covid-19: Mitigating the risk from reverse migration - Harsh Parikh, Ankita Gupta (Luke University), Kumar Subham (Vision India Foundation)

Covid-19: Is there a reasonable alternative to a comprehensive lockdown? - Debraj Ray (New York University), S. Subramanian (Independent Scholar)

Covid-19: Leading India effectively out of the lockdown - Sugata Ghosh (Brunel University), Sarmistha Pal (University of Surrey)

How to ease Covid-19 lockdown? Forward guidance using a multidimensional vulnerability index - Jayanta Mandi (Vrije Universiteit Brussel), Manisha Chakrabarty (IIM Calcutta), Subhankar Mukherjee (IIT Kanpur)

Covid-19: How the pandemic evolved in Kerala over the 'unlock' phases - Benston John (St. Stephens's College)

India’s Covid-19 lockdown: An interim report - Debraj Ray (New York University), S. Subramanian (Independent Scholar)

On India’s ‘low’ Covid-19 case fatality rate< - Minu Philip, Debraj Ray (New York University), and S. Subramanian (Independent researcher)

Is Covid-19 equally deadly across all states? - Tirtha Chatterjee, Ritika Jain (CDS, Trivandrum)

The State’s frontline workers: An overlooked human resource - Vishwanath Giriraj (Maharashtra Bamboo Promotion Foundation)

Kerala’s management of Covid-19: Key learnings - S. M. Vijayanand (Government of Kerala)

India can lead the world to build a functioning public health systemStuti Khemani (World Bank)

Locked out of critical care: Covid-19 lockdown and non-Covid mortality - Pascaline Dupas, Radhika Jain (Stanford University)

Food and agriculture during a pandemic: Managing the consequences - Sudha Narayanan (IGIDR)

Covid-19: Willingness to vaccinate - Alex Armand (Nova School of Business and Economics), Britta Augsburg (Institute for Fiscal Studies), Antonella Bancalari (Institute for Fiscal Studies)

Examining government responses to the crisis

PDS, National Food Security Act, and Covid-19 - Ruchira Boss, Mamata Pradhan, Devesh Roy, Sunil Saroj (International Food Policy Research Institute)

A world of no lockdowns: The case of South Korea and Sweden - Shritanjay Bhatia, Utkarsh Sikka, Isha Trivedi, Sanna Uppal, Julia Brockley,
Nikita Navaneeth (University of British Columbia).

The pandemic and the package - Rajeswari Sengupta (IGIDR), Harsh Vardhan (Bain and Company)

Atmanirbhar Bharat Abhiyan: Putting the cart before the horse - Subhashish Dey (University of Warwick), Anirban Kundu (Presidency University, Bengaluru)

Protectionism and Statism, once againAjit Karnik (Middlesex University, Dubai)

Covid-19 relief: Are women Jan Dhan accounts the right choice for cash transfers? - Anmol Somanchi (Independent Researcher)

Does workfare work? MNREGA during Covid-19 - Sudha Narayanan (IGIDR), Christian Oldiges (University of Oxford), Shree Saha (Cornell University)

Building resilience among ultra-poor for times of crisis – Shagun Sabarwal and Maximillian Lohnert (J-PAL South Asia)

Did MNREGA cushion job losses during the pandemic? - Farzana Afridi, Nikita Sangwan (ISI, Delhi Centre), Kanika Mahajan (Ashoka University)

Impact on vulnerable populations: Emerging evidence

Covid-19: Does obesity play a role?Archana Dang, Indrani Gupta (Institute of Economic Growth)

The Covid-19 crisis and food security - Jean Drèze (Ranchi University), Anmol Somanchi (Independent Researcher)

[Infographic]

Covid-19: Health and economic impacts in Indian slumsHarlan Downs-Tepper, Anirudh Krishna (Duke University), Emily Rains (Louisiana State University)

How many jobs were lost in urban India during lockdown? - Arup Mitra (Institute of Economic Growth), Jitender Singh (DEA, GOI)

Covid-19: How well are government schemes supporting Bihar’s vulnerable populations? - Karan Singhal, Advaita Rajendra, Ankur Sarin (IIM Ahmedabad)

Covid-19: What can be done immediately to help vulnerable populationReetika Khera (IIT Delhi)

[IGC-I4I] Webinar: Impact of Covid-19 on informal and migrant workers in India - Jean Drèze (Ranchi University), Farzana Afridi (ISI, Delhi Centre), Purnima Menon (IFPRI), and Shahid Vaziralli (IGC)

Covid-19 lockdown and migrant workers: Survey of vocational trainees from Bihar and JharkhandBhaskhar Chakravorty, Clément Imbert (University of Warwick), Maximilian Lohnert, Poonam Panda (J-PAL South Asia)| Part II

Covid-19: Expected migrant movement as lockdown eases - Clément Imbert (University of Warwick)

How costly are flawed government responses to Covid-19? An assessment of the migrant crisis - Sarmistha Pal (University of Surrey)

How has Covid-19 crisis affected the urban poor? Findings from a phone survey - I - Farzana Afridi (ISI, Delhi Centre), Amrita Dhillon, Sanchari Roy (Kings College London).| Part II Part III.

[Video] [Hindi Video]

Pandemic as a lens: Identifying and addressing livelihood vulnerabilities - Rosa Abraham, Amit Basole, Surbhi Kesar, Rahul Lahoti, Paaritosh Nath (Azim Premji University)

Covid-19: How long can consumption be sustained in lockdown? - Anu Abraham, Mohd. Imran Khan (NMIMS)

Lockdown, life, and livelihood in the times of Corona - Arjun Kumar, Simi Mehta (IMPRI), Balwant Singh Mehta (IHD)

Covid-19: Are we ready for the long haul? - Part I - Abhinash Borah, Sabyasachi Das, Aparajita Dasgupta, Ashwini Deshpande, Kanika Mahajan, Bharat Ramaswami, Anuradha Saha, Anisha Sharma (Ashoka University). Part IIReprinted from The Wire.

Phone survey methodology for social and economic research in India - Diane Coffey (University of Texas at Austin), Payal Hathi (University of California at Berkeley), Nazar Khalid (University of Pennsylvania), Nidhi Khurana (r.i.c.e.), and Amit Thorat (JNU)

Hunger and precarity: The state of nomadic fortune-tellers of Odisha - Abinash Dash Choudhury (Jadavpur University)

Covid-19: A tailor’s tale - Bhavishya Mehta, Rohini Somanathan (Delhi School of Economics). Reprinted from The Hindu.

Impact on small businesses: Emerging evidence

Covid-19 crisis and health of small businesses: Findings from a primary survey - Shantanu Khanna (University of California, Irvine), Udayan Rathore (Oxford Policy Management)

Covid-19 and MSMEs: The ‘identification’ problem - Radhika Pandey, Amrita Pillai (NIPFP)

Covid-19: Journey of a construction firm through the lockdown - Bhargav Jangle, Suhas Jangle (SJ Contracts Pvt. Ltd.)

Which jobs were ‘lost’ during India’s Covid-19 lockdowns? Evidence from online vacancy postingsGaurav Chiplunkar (University of Virginia), Erin M. Kelly (World Bank), Gregory Lane (American University)

[Infographic]

Social and environmental aspects 

Covid-19 and mental health: Introduction to e-Symposium - Farzana Afridi (ISI, Delhi Centre)

Covid-19: Addressing stigma and misconceptions - Asad Islam, Liang Choon Wong (Monash University), Debayan Pakrashi (IIT Kanpur), Michael Vlassopoulos (University of Southampton)

Covid-19 and schooling: 2020 experience and way forward - Rukmini Banerji (Pratham), Ashok Kotwal (Editor-in-Chief, I4I), Wilima Wadhwa (ASER)

[Video

Covid-19 spread: Does social and economic diversity matter? - Upasak Das (University of Manchester), Udayan Rathore (Oxford Policy Management), Prasenjit Sarkhel (University of Kalyani)

Covid 19: Online classes and the digital divide - Abhiroop Mukhopadhyay (ISI, Delhi Centre)

[Infographic]

Covid-19 lockdown and criminal activity: Evidence from Bihar - Rubén Poblete-Cazenave (University College London)

[Video] [Infographic] [Hindi Infographic]

Covid-19: ‘Shadow pandemic’ and violence against women - Saravana Ravindran (National University of Singapore), Manisha Shah (University of California, Los Angeles)

[Video] [Hindi Infographic]

Covid-19: Lockdown and domestic abuse - Nalini Gulati (IGC India)

[Infographic] [Hindi infographic]

Prejudice in a pandemic: Covid rumours and factory labour supply - Arkadev Ghosh (University of British Columbia)

[Video] [Hindi Video]

Covid-19: Green stimulus to revive a comatose economy - Aniruddh Mohan (Carnegie Mellon University), Madalsa Singh (Stanford University)

[Infographic]

Covid-19, population, and pollution: A roadmap for the future - Shweta Gupta (University of Hyderabad), Rishabh Mahendra (Copy Editor, I4I)

[Infographic]

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