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The COVID-19 pandemic has caused a major global health crisis, the onset of which, and containment policies for, have also led to a global economic crisis. The effects of the pandemic on the economies of various countries depended on their position in the international economic hierarchy, and...
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macroeconomic stability and growth. Second, the tools of macroeconomic policy-fiscal and monetary policy together with debt …
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This paper is part of a comparative project on the Varieties of Covid-19 Reactions and Changing Modes of Globalization in the Global South. The project employs a comparative analysis of two industries-automobiles and clothing/textiles-across four countries in order to analyze the impacts of the...
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drive the economies towards the recovery. The main aim for economic policy makers should be to flatten the curve of the …
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Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP … levels on its history of shocks, what economists refer to as 'hysteresis,' argues for unifying the analysis of growth and … renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery …
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