Explain why having a nominal anchor could be a good way to constrain discretion of central bankers.

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Explain why having a nominal anchor could be a good way to constrain discretion of central bankers. Also, list the benefits of having a credible anchor.

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Macroeconomics Policy And Practice

ISBN: 9781292019598

2nd Global Edition

Authors: Frederic S Mishkin

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Question Posted: Nov 13, 2024 07:00 AM

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Explain why having a nominal anchor could be a good way to constrain discretion of central bankers. Also, list the benefits of having a credible anchor.
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Explain why having a nominal anchor could be a good way to constrain discretion of central bankers.

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Macroeconomics Policy And Practice

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