Page 58 - ES 2020-21_Volume-1-2 [28-01-21]
P. 58
Saving Lives and Livelihoods Amidst a Once-in-a-Century Crisis 41
On the demand side, India’s policies have been calibrated to ensure that the accelerator
is slowly pushed down only when while the brakes are being removed on economic
activities. A public investment programme centred around the National Infrastructure
Pipeline is likely to accelerate the demand push and further the recovery.
The upturn in the economy while avoiding a second wave of infections makes India a sui
generis case in strategic policymaking amidst a once-in-a-century pandemic.
REFERENCES
Barro, Robert J.2020. “Non-Pharmaceutical Interventions and Mortality in U.S. Cities During
the Great Influenza Pandemic, 1918-1919.” NBER Working Paper 27049, April.
Barro, Robert J., José F. Ursúa, Joanna Weng. 2020. “The Coronavirus and the Great Influenza
Pandemic—Lessons from the ‘Spanish Flu’ for the Coronavirus’s Potential Effects on Mortality
and Economic Activity.” NBER Working Paper 26866, March.
Bootsma, Martin C. J. and Neil. M. Ferguson. 2007. “The Effect of Public Health Measures on
the 1918 Influenza Pandemic in U.S. Cities.” Proceedings of the National Academy of Sciences
104, no. 18 (May): 7588–93.
Brainerd, Elizabeth. and Mark. V. Siegler. 2003. “The Economic Effects of the 1918 Influenza
Epidemic.” CEPR discussion Papers, no. 3791.
Carroll, Christopher D., Jiri Slacalek, Matthew N. White, Edmund Crawley. 2020. “Modeling
the consumption response to the CARES Act,” NBER Working Papers 27876, National Bureau
of Economic Research, Inc., September.
Chu, Derek K., Elie A Akl, Stephanie Duda, Karla Solo, Sally Yaacoub , Holger J Schünemann.
2020. “Physical distancing, face masks, and eye protection to prevent person-to- person
transmission of SARS-CoV-2 and COVID-19: a systematic review and meta- analysis.” Lancet,
June 2020.
Coibion, Olivier & Yuriy Gorodnichenko & Michael Weber. 2020. “How Did U.S. Consumers
Use Their Stimulus Payments?” NBER Working Papers 27693, National Bureau of Economic
Research, inc.
Correia, Sergio; Stephan Luck and Emil Verner. 2020. “Pandemics Depress the Economy, Public
Heath Interventions Do Not: Evidence from the 1918 Flu.”SSRN Working Paper No. 3561560,
April 10.
Eichenbaum, Martin. S., Sergio Rebelo, and Mathias Trabandt. 2020. “The Macroeconomics of
Epidemics.” NBER Working Paper no. 26882, March.
Fang, Wanli. and Sameh Wahba, “Urban Density Is Not an Enemy in the Coronavirus Fight”:
Evidence from China. World Bank Sustainable Cities blog, April 20, 2020.
Ferguson et al. Impact of non-pharmaceutical interventions (Lockdowns) to reduce COVID-19
mortality and healthcare demand. Report 9 of Imperial College COVID-19 Response Team,
March 2020 available at https://www.imperial.ac.uk/media/imperialcollege/medicine/sph/ide/
gidafellowships/Imperial-College-COVID19-NPI-modelling-16-03-2020.pdf