Abhijit Banerjee, along with Esther Duflo and Michael Kremer, received the Nobel Prize in Economics for their experimental approach to alleviating global poverty. Their work emphasizes targeted interventions and direct support for the poor to boost consumption and stimulate the economy from the bottom up during downturns.
According to Nobel Laureate Abhijit Banerjee (Economist), what is the only solution to overcome the economic pain in the short run in the wake of Covid-induced economic crisis?
Asked in TNPSC CS Prelims 2021 · Topic: Fiscal Policy & Revenue (Impact of Fiscal Policy on Income Distribution, Inflation, and Employment)
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Answer: C. Putting more money in the hands of poor
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