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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