In this paper, we have reviewed the COVID induced shock to the debt and deficit profiles of 10 of the largest economies by size of GDP in 2019 referred to in this paper as the Big-10 economies. There is a sharp upsurge in their government debt-GDP ratios because their policy responses to the...

In this paper, an issue of major policy significance pertaining to assessing the impact of COVID-19 beyond the short-term on India’s macroeconomy has been addressed by developing two restricted vector autoregression (VAR) models. These models enable an assessment of the detrimental impact of...