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The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
Edition 10ISBN: 978-0132763646 Exercise 7
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Central banks that engage in inflation targeting usually announce the inflation target and time period for which that target will be relevant. In addition, central bank officials are held accountable for their actions (e.g., they could be fired if the target is not reached), which is also public information. Explain why transparency is such a fundamental ingredient of inflation targeting.
Central banks that engage in inflation targeting usually announce the inflation target and time period for which that target will be relevant. In addition, central bank officials are held accountable for their actions (e.g., they could be fired if the target is not reached), which is also public information. Explain why transparency is such a fundamental ingredient of inflation targeting.
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Transparency is such a fundamental ingre...
The Economics of Money, Banking, and Financial Markets 10th Edition by Frederic Mishkin
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