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The European Central Bank (ECB) has been known for setting strict inflation targets (in other words, their monetary policy has been oriented towards maintaining price
The European Central Bank (ECB) has been known for setting strict inflation targets (in other words, their monetary policy has been oriented towards maintaining price stability). Suppose they suddenly changed their minds and instead started focusing on low unemployment as their main goal. Discuss and describe the possible impacts of this change! What would be the problems ECB will face in the context of this new approach?
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Money Banking and Financial Markets
Authors: Stephen Cecchetti, Kermit Schoenholtz
4th edition
007802174X, 978-0078021749
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