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There is a strong consensus among economists that monetary policy is more effective when it is formulated in secrecy without the reasoning behind it being

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There is a strong consensus among economists that monetary policy is more effective when it is formulated in secrecy without the reasoning behind it being revealed for many years. by a committee rather than an individual. with strong political pressure. with multiple and highly rigid objectives that may conflict from time to time in a manner that keeps financial markets guessing

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