Reserve Bank of India's present interest rate policy for maintaining price stability in the economy is not highly commendable. Precisely, when the economic and industrial growth is facing a downturn, this downward rigidity in interest policy of the highest monetary of the country is beyond...

We theoretically explore long-run stagnation at the zero lower bound in a representative agent framework. We analytically compare expectations-driven stagnation to a secular stagnation episode and find contrasting policy implications for changes in government spending, supply shocks and...