Research and Analytics
Research and Analytics
“The basics of behavioral economics are really sound because they’re kind of obvious,” Thaler says. It’s obvious, he says, that people aren’t perfectly rational. It’s obvious that they suffer from self-control problems and have all kinds of emotions and biases that affect their behavior. The oddities of human behavior are very real and demonstrable — and economists and policymakers, he says, need to take that into account.
Recessions wreak havoc and the damage is often long-lived. Businesses shut down, investment spending is cut, and people out of work can lose skills and motivation as the months stretch on. But the recession brought on by the COVID-19 pandemic is no ordinary recession. Compared to previous global crises, the contraction was sudden and deep—using quarterly data, global output declined about three times as much as in the global financial crisis, in half the time.
In this article, we will be giving major news headlines that occurred in the economic, financial and business spheres of the country in 2019. We hope you find them useful .
