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Suppose the central bank in your country has financial-market stability as its primary goal. Faced with a choice of having monetary policy decisions made by
Suppose the central bank in your country has financial-market stability as its primary goal. Faced with a choice of having monetary policy decisions made by a well-qualified individual with an extremely strong dislike of instability in financial markets or a committee of equally well-qualified people with a wide range of views, which choice would you recommend?
A. | Having monetary policy decisions made by a committee of equally well-qualified people with a wide range of views. |
B. | Having monetary policy decisions made by a well-qualified individual with an extremely strong dislike of financial-market instability. |
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