Using nationally representative data from India, we document the first survey-based evidence of the unintended consequences of lockdown on neonatal mortality in a developing country. Event-study shows neonatal mortality significantly increased during the first nationwide lockdown and became...

We show that negative interest rate policy (NIRP) has expansionary effects on bank credit supply and firm outcomes through a portfolio rebalancing channel. For identification, we exploit ECB's NIRP and credit register, firm- and bank-level datasets. NIRP affects relatively more banks with higher...