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Raghuram Rajan (University of Chicago) (Jul 2017)

Monetary policy rules need to be reevaluated due to low interest rates and subdued inflation, leading to unconventional monetary instruments and negative spillover effects on emerging markets. Central banks should adopt new rules to mitigate policy spillovers and promote global stability, while considering the impact of policies on other countries and utilizing a coordinated approach involving monetary, fiscal, and structural reforms.

Raghuram Rajan (University of Chicago) (Jul 2017) Read More »