COVID-19 uncertainty, financial markets and monetary policy effects in case of two emerging Asian countries.

This paper examines the effectiveness of the monetary policies undertaken by the central bank on economic growth during COVID-19 uncertainty in case of India and Indonesia. We use an innovative framework of Growth-at-Risk as oppose to standard macroeconomic models, which can predict the growth in a much robust way particularly when an economy is facing shocks like COVID-19. The empirical results based on Growth-at-Risk model clearly reveal that effect of COVID-19 pandemic on economic growth is much adverse in comparison to actual declines.

Do COVID-19 cases follow a similar transition path? Evidence from Indian states.

This paper assesses the convergence of COVID-19 cases by obtaining transition paths of Indian states covering the period from August 01 to October 31, 2020. The results based on Phillips-Sul test show evidence of different transition paths. These findings are useful from the policy perspective, particularly to see whether existing efforts made for stopping the spread of COVID-19 by states/central governments are effective.