However, since my appointment as a full-time Bank officer, I am able to draw on my experience in the private sector in day-to-day deliberations and discussions on monetary policy and the Bank’s operations. Today, in this speech, I will present my views by means of answering frequently asked questions (FAQs) about economic and financial developments and the conduct of monetary policy.
For example, in simple textbook models of the monetary transmission mechanism, central banks operate largely through the effect of real interest rates on consumption and investment. Once heterogeneity is taken into account, other important channels emerge.