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Central-bank independence refers to: a. the degree of separation between central-bank decision making and political influence. b. whether central banks pursue monetary policy by rules
Central-bank independence refers to:
a. | the degree of separation between central-bank decision making and political influence. | |
b. | whether central banks pursue monetary policy by rules or discretion. | |
c. | the extent to which automatic stabilizers are relied on to cushion economic volatility. | |
d. | the situation that occurs when the inside lag of monetary policy is not related to the outside lag. |
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