Vipin P. Veetil

TL;DR: This paper estimates the cost of the lockdown of some sectors of the world economy in the wake of COVID-19 using a multi sector disequilibrium model with buyer-seller relations between agents located in different countries and study the process of economic recovery following the end of the lockdowns.

TL;DR: In this article, a multi-sector disequilibrium model with buyer- seller relations between agents located in different countries was developed to study not only the direct cost of the lockdown but also indirect costs which emerge from the reductions in the availability of intermediate inputs.

TL;DR: In this paper, a systems-theoretic approach to the micro-macro relationship is proposed, which treats macro theory as a form of systems theory where the behavior of the system has properties that are not reducible to properties of individual elements within that system.

TL;DR: Sunstein and Thaler as discussed by the authors argued that paternalism is sometimes inevitable and non-coercive, and that individuals do not always make "rational" decisions, and the question of whether individuals make rational decisions as judged by the axiomatic definition of neo-classical economic theory is vestigial to the ideas and policy prescriptions of classical liberal and libertarian political economy.

TL;DR: In this article, the authors explore extended liability for bank shareholders as a method for mitigating moral hazard in insured banks, and discuss how extended liability can be used to avoid the difficulties of both micro-and macro-prudential approaches to systemic stability.