Interest Rate Conundrum*

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.

View/ Download the
document in PDF format


Click below
to get Adobe® Acrobat® Reader®, a free
software that lets you view and print Adobe Portable Document Format (PDF) files.



Site optimised for 800 x 600 and above for Internet Explorer 5 and above