For example, during the Great Moderation, the policies all over the world were focussed on growth enhancing measures. Presently, in view of the continuance of low inflation and low or negative growth in the developed economies, the policy measures, mainly in the form of liquidity enhancement and low interest rates, continue to focus on augmentation of growth.
1  Quoted from King, Robert P., Michael Boehlje, Michael Cook, and Steven T. Sonka (2010) “Agribusiness Economics and Management”, American Journal of Agricultural Economics, Special Issue Commemorating the Centennial of the AAEA, Vol.92, No.2, April  BIS central bankers’ speeches  1  In India, however, the conditions are very different.