Section 13.2 .2 sets out two conditions that must hold if monetary targeting is going to succeed
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Section 13.2 .2 sets out two conditions that must hold if monetary targeting is going to succeed in controlling inflation. Briefly explain these two conditions and why they were violated during the Thatcher experiment with monetary targeting in the UK.
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Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
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