Monetary Policy is a tool used by a nation’s Central Bank to influence the nation’s price levels, output, etc as a response to global shocks. Global warming is the rise of the average temperature of the Earth due to the emission of greenhouse gases like carbon dioxide, while recession is a period of economic slowdown characterised by low consumption and reduced trade and industrial activity. So how are they related to each other? The answer is economic shocks.

CPPR Research Intern, S Aswathi Mohan writes..

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