Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource From a recession to the COVID-19 pandemic: Inflation-unemployment comparison between the UK and India Subject The topic of the resource COVID-19; Fiscal policy; Inflation; Unemployment monetary policy Description An account of the resource The recession in India and the UK peaked in 2017 due to the implications of new policy initiatives. The outbreak of the COVID-19 pandemic at the beginning of 2020 intensified the crisis, causing a drastic decline in aggregate demand and output. India and the UK have resorted to monetary and fiscal stimulus packages to face the economic crisis. This study investigated the inflation-unemployment dynamics during the recession and COVID-19 times in India and the UK. Using a generalized additive model (GAM), the results of this study revealed that the recession had given way to stagflation in India. In contrast, in the UK, it has led to a more severe recession in the short-run. During the downturn, policy initiatives aggravate the recession and eventually turn to stagflation in India due to inflation caused by the weak supply side. However, in the UK, the policy initiatives during this downturn pushed the economy into a deeper recession due to reduced demand. The outbreak of the COVID-19 pandemic has had a similar recessionary impact on both economies. A time horizon based recovery plan is suggested to help the economies recover from stagflation and even deeper recession. This framework could enable policymakers to choose the right path of recovery within the shortest possible time. 2021 by the author. Licensee MDPI, Basel, Switzerland. Creator An entity primarily responsible for making the resource Victor V.; Karakunnel J.J.; Loganathan S.; Meyer D.F. Source A related resource from which the described resource is derived Economies, Vol-9, No. 2 Publisher An entity responsible for making the resource available MDPI AG Date A point or period of time associated with an event in the lifecycle of the resource 2021-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.3390/economies9020073" target="_blank" rel="noreferrer noopener">https://doi.org/10.3390/economies9020073</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85106484931&amp;doi=10.3390%2Feconomies9020073&amp;partnerID=40&amp;md5=36338271743abcd0ed0c4908e56f9862" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85106484931&amp;doi=10.3390%2feconomies9020073&amp;partnerID=40&amp;md5=36338271743abcd0ed0c4908e56f9862</a> Rights Information about rights held in and over the resource All Open Access; Gold Open Access; Green Open Access Relation A related resource ISSN: 22277099 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Victor V., Department of Economics, CHRIST University, Bengaluru, Karnataka, 560029, India; Karakunnel J.J., Department of Economics, CHRIST University, Bengaluru, Karnataka, 560029, India; Loganathan S., Department of Economics, CHRIST University, Bengaluru, Karnataka, 560029, India; Meyer D.F., College of Business and Economics, University of Johannesburg, Auckland Park, 2006, South Africa