It is high time for unconventional monetary policy

2020-02-28T18:32:57+04:00February 28th, 2020|Finance|

By Sameer Sharma Conventional monetary policy is about the central bank having a policy rate which sets an interest rate floor for the interest rate structure of the economy. All other interest rates are derived from this floor with the addition, of course, of various risk premias such as term premia, inflation risk premia, [...]