1.15. Because the public can see whether a central bank hits its monetary targets almost immediately, whereas...
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1.15. "Because the public can see whether a central bank hits its monetary targets almost immediately, whereas it takes time before the public can see whether an infla- tion target is achieved, monetary targeting makes cen- tral banks more accountable than inflation targeting does." Is this statement true, false, or uncertain? Explain your answer.
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9780321598905
9th Edition
Authors: Frederic S. Mishkin
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