Why is the inflation rate high in the long run if the central bank cannot commit itself?

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Macroeconomics : International Edition

ISBN: 9781292000459

5th Edition

Authors: Stephen D. Williamson

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Question Posted: Oct 18, 2024 06:01 AM

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Why is the inflation rate high in the long run if the central bank cannot commit itself?
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Why is the inflation rate high in the long run if the central bank cannot commit itself?

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Macroeconomics : International Edition

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