The depth of the crisis and the weakness of the ensuing recovery led to new ways to implement monetary policy. At the …-scale asset purchases. In more recent years, with inflation still below target and limited support from fiscal policy, several … policies (NIRPs). This paper explores the implications of NIRPs for monetary policy transmission and banks' behavior. It …

, monetary and fiscal issues, global liquidity, and national and international economic developments …

The easing of controls on interest rates has led to higher interest rate volatility in India. Hence, there is a need to …

We provide a framework for analyzing the choice between optimal and robust monetary policy rules in the presence of …

Monetary policy, at least in part, operates through both an interest rate and credit channel. The question arises …, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels …

This paper addresses three questions about unconventional monetary policies. First, what policies were tried, and with …

This paper provides background information to the main Board paper, 'The Role and Limits of Unconventional Monetary …