In this paper, an issue of major policy significance pertaining to assessing the impact of COVID-19 beyond the short-term on India’s macroeconomy has been addressed by developing two restricted vector autoregression (VAR) models. These models enable an assessment of the detrimental impact of...

In the evident of globalised world economy and changing economic structure, the traditional policies are required to be close examination. This is true particularly in case of developing countries, like India where new economic policies have had been changing visibly since 1990s. Therefore, in...

This study has two objectives, first, to investigate if the lending behaviour of banks exhibits moral hazard in the Indian Banking Industry, and second, to investigate whether banks’ moral hazard behaviour changes when the systemic importance of the banks is taken into consideration. We...

This paper presents an update on the business cycle and growth rate cycle chronology of the Indian economy by identifying the peaks and troughs in the quarterly released real GDP time series. The results reveal that the Indian economy witnessed three classical contractions and nine growth rate...