Pick a developed economy (outside of the UK) that experimented with monetary targeting in the 1980s. Use
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Pick a developed economy (outside of the UK) that experimented with monetary targeting in the 1980s. Use the concepts in this chapter and the available academic literature to answer the following questions:
(a) Was the policy successful?
(b) What were the reasons that led to the policy being successful or unsuccessful?
(c) How do these reasons relate to the Quantity Theory of Money?
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Related Book For
Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
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