How High Interest Rates Harm Innovation
Monetary policy decisions can have meaningful long-term effects.
How High Interest Rates Harm InnovationIn 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.
Monetary policy decisions can have meaningful long-term effects.
How High Interest Rates Harm InnovationResearch examines two different types of labor-market policy designed to help displaced workers pivot to new jobs.
How Should We Help Workers Exposed to Offshoring?MIT’s Daron Acemoğlu joins hosts Bethany McLean and Luigi Zingales to discuss the key challenges of ensuring that new technology creates broadly shared benefits.
Capitalisn’t: Is Technological Progress Good for Everyone?Your Privacy
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