17. A central bank decides to issue a statement declaring that it will not try to eliminate...

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17. A central bank decides to issue a statement declaring that it will not try to eliminate asset-price bubbles. Can you think of a negative consequence of this statement for the central bank’s ability to conduct monetary policy?

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Financial Markets And Institutions

ISBN: 9780134519265

9th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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