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Macroeconomic impact of the supply shock during COVID-19 pandemic in India
Journal of Economic Studies ; 2023.
Article in English | Scopus | ID: covidwho-2326234
ABSTRACT

Purpose:

The study focuses on examining the impact of the supply shock on the Indian macroeconomic variables during the COVID-19 period. Design/methodology/

approach:

Time-varying factor augmented vector autoregressive model has been employed to study the asymmetry in transmission of supply shock on Indian economy during pre- and post-COVID-19 times.

Findings:

The authors find that with supply shock, retail food inflation outpaced in COVID-19 times. Production levels reported by IIP fell to abysmally low levels in the post-COVID-19 times when the economy stalled. The liquidity stimulus provided by the central bank led to the negative response of policy rates to the supply shocks during the COVID-19 times. Originality/value The study stands novel in examining the impact of COVID-19 pandemic on Indian economy through the lenses of asymmetric transmission of supply shock during pre- and post-COVID-19 times. © 2023, Emerald Publishing Limited.
Keywords

Full text: Available Collection: Databases of international organizations Database: Scopus Type of study: Experimental Studies Topics: Long Covid Language: English Journal: Journal of Economic Studies Year: 2023 Document Type: Article

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Full text: Available Collection: Databases of international organizations Database: Scopus Type of study: Experimental Studies Topics: Long Covid Language: English Journal: Journal of Economic Studies Year: 2023 Document Type: Article