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It is plain to see that discretion is a better way to run monetary policy than following a rule because a policy of discretion gives
It is plain to see that discretion is a better way to run monetary policy than following a rule because a policy of discretion gives the central bank the ability to react to news about the economy." What is the monetarist response to this statement? What is the more recent argument for using rules rather than discretion
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International Marketing And Export Management
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
8th Edition
1292016922, 978-1292016924
