Law in the time of recession: going beyond monetary and fiscal policy to boost aggregate demand

India is facing a trio of troubles — anaemic growth rate, low unemployment rates, and dismal employment-generation capacity. Amid fears of a global recession, there has been a lot of debate over our possible policy response. What can we do to fight a recession as and when it hits? Will the lessons from the Great Recession of the late 2000s come handy in formulating a more effective response? Or should we look beyond the conventional