The abundant liquidity, however, has the effect of lowering money market rates and, hence, impacts the price of capital. Here, our economic and monetary analyses come into play in determining whether such rates are consistent with our mandate of maintaining price stability and, at the moment, we have come to the conclusion that they are.
However, their greatest contribution to policymaking may take place through less direct routes such as through their research by nudging policymakers to think about economic problems/challenges in newer/different ways. 5. Policy makers too have a crucial role in creating an enabling environment for  economists to contribute to society.