Thread.
— Sabyasachi Kar (@Sabya_K) April 2, 2020
The reverse migration of labourers from Delhi after the lockdown in India, clearly caught the government on the wrong foot.
I find that the Lucas critique of macro policies in the 1970s is a useful framework to understand this phenomenon and draw lessons from it.
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via Twitter https://twitter.com/Sabya_K
April 02, 2020 at 04:51PM
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