Unconventional monetary policy in emerging markets |
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| Authors: | Ashima Goyal |
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| Institution: | 1. Indira Gandhi Institute of Development Research, Mumbai, Indiaashima@igidr.ac.in |
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| Abstract: | Channels of monetary transmission likely to work in an emerging market (EM) are presented. The Indian accommodative policy cycle, and the papers in this special issue, is used to analyse unconventional aspects of EM monetary policy. It is argued that conditions used to justify unconventional monetary policy in advanced economies routinely hold in EMs. |
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| Keywords: | unconventional monetary policy transmission emerging markets the expectations channel |
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