The expression 'Don't do something,just stand there' applies to economists who favour a/an _____ approach to monetary policy.

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The expression "Don't do something, just stand there" applies to the rules-based approach to monetary policy. This approach emphasizes the importance of having clear and predictable rules for monetary policy rather than relying on discretionary or interventionist tactics. The idea is that by following predetermined rules, policymakers can avoid making mistakes or taking actions that could harm the economy.

The Expression 'Don't Do Something,just Stand There' Applies to Economists