Mar 15th 2016, C.P. Chandrasekhar and Jayati Ghosh
With
interest rates and bond yields turning negative in many
developed countries, the efficacy of monetary policy
as a countercyclical instrument is in question.
*This
article was originally published in the Business Line
print edition dated March 14, 2016.
This
Document is in Adobe Acrobat format and would
need a PDF reader to view it.
