Central banks conduct monetary policy to achieve price stability, but decisions also have effects on labor-market outcomes. In this paper, we identify exogenous monetary shocks with the ‘interest rate ...

Monetary policy might sound abstract, but you see its effect every day in rates, credit conditions, and market swings. When the central bank shifts its stance, client behavior often changes with it.

Monetary policy is one of the most important tools available to a central bank for managing an economy. In India, it is conducted by the Reserve Bank of India (RBI), and every two months, the RBI’s ...