Why favour 'rules' over 'discretion' in macroeconomic policy formulation? When might a rules-based policy prove problematic?

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Principles Of Macroeconomics

ISBN: 9780465016150

1st Edition

Authors: Joseph G. Nellis, David Parker

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Question Posted: Nov 11, 2024 03:01 AM

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Why favour 'rules' over 'discretion' in macroeconomic policy formulation? When might a rules-based policy prove problematic?
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Why favour 'rules' over 'discretion' in macroeconomic policy formulation? When might a rules-based policy prove problematic?

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Principles Of Macroeconomics

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