This paper estimates how COVID-19 lockdown policies impacted economic activity. Using a difference-in-differences methodology, we establish the divergence of district-level nighttime light intensity, mobility and migration, as well as household-level income and consumption, across different...

The COVID-19 pandemic has disrupted economic activity in India. Adjusting policies to contain trans- mission while mitigating the economic impact requires an assessment of the economic situation in near real-time and at high spatial granularity. This paper shows that daily electricity...

This paper analyzes whether fiscal policy in South Asia amplifies or smooths business cycle fluctuations. The paper estimates several econometric models to explore the cyclicality of government spending and tax buoyancy. The findings show that fiscal policy is procyclical in most countries. In...

This paper estimates the impact of a differential relaxation of COVID-19 containment policies on aggregate economic activity in India. Following a uniform national lockdown, the Government of India classified all districts into three zones with varying containment measures in May 2020. Using a...