Describe how the time consistency challenge for monetary policy can make it difficult for a central bank

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Describe how the time consistency challenge for monetary policy can make it difficult for a central bank to cap the value of its domestic currency.

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Money Banking and Financial Markets

ISBN: 978-1259746741

5th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Jun 09, 2018 01:31 AM

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Describe how the time consistency challenge for monetary policy can make it difficult for a central bank

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Money Banking and Financial Markets

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