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Do you think the current policy of maintaining budgetary independence is consistent with the principles of good central bank design? Explain your answer. multiple choice
Do you think the current policy of maintaining budgetary independence is consistent with the principles of good central bank design? Explain your answer. multiple choice
A) No. The Fed is less transparent due to its budgetary independence.
B) No. Budgetary independence promotes increased accountability.
C) Yes. Central bankers with budgetary independence are more independent than those whose decisions are subject to review.
D) Yes. Budgetary independence is inconsistent with central bank independence.
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