Why a Soft Landing Is So Hard
Chicago Booth’s Raghuram G. Rajan describes the task ahead for the US Federal Reserve.
Why a Soft Landing Is So HardIn response to COVID-19's rise, India ordered most of the country's 1.3 billion residents to stop working and remain indoors starting in March 2020—the world's largest lockdown. The government began relaxing restrictions in June, and research finds that while India's economy improved rapidly in the following months, the outlook for a return to prelockdown levels remained unclear.
In a report for Chicago Booth's Rustandy Center for Social Sector Innovation, Booth's Marianne Bertrand and Rebecca Dizon-Ross, Centre for Monitoring Indian Economy's Kaushik Krishnan, and University of Pennsylvania's Heather Schofield examined household-level survey data to establish a more comprehensive view of India's initial recovery than national economic indicators could provide. These charts and maps highlight a selection of their main findings.
Marianne Bertrand, Rebecca Dizon-Ross, Kaushik Krishnan, and Heather Schofield, "Employment, Income, and Consumption in India during and after the Lockdown: A V-shape Recovery?" Rustandy Center for Social Sector Innovation report, November 2020.
Chicago Booth’s Raghuram G. Rajan describes the task ahead for the US Federal Reserve.
Why a Soft Landing Is So HardThe agency has signaled increased scrutiny of nonreportable mergers in healthcare.
Is the FTC Targeting ‘Stealth Consolidation’ by Private Equity?Booth’s Raghuram G. Rajan and Martin Wolf of the Financial Times discuss the pressures faced by democratic systems.
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