The issue of fiscal-monetary coordination has received renewed focus in the wake of the COVID-19 crisis. The paper revisits this theme using a calibrated New Keynesian Dynamic Stochastic General Equilibrium (DSGE) model, that allows for unconventional monetary policy and monetary policy...

Countries across the globe have undertaken unprecedented fiscal actions in response to the COVID crisis. India has also announced several rounds of fiscal stimuli under the umbrella scheme of Atma Nirbhar Bharat mission. In this context, it is important that the policy interventions are aligned...