Amidst fears of a third wave, India is beginning to reopen after the second wave of COVID-19 infections that wreaked havoc in the country in April and May 2021. The number of average daily cases has fallen to just over 50,000 in recent days, down from the peak of around 400,000 on May 9. Several...

While the COVID-19 pandemic had a large and asymmetric impact on firms, many countries quickly enacted massive business rescue programs which are specifically targeted to smaller firms. Little is known about the effects of such policies on business entry and exit, factor reallocation, and...