What types of rules for monetary policy may be sensible for policymakers to consider? What is the advantage of using rules over discretion? What problems might there be with rules?

Question

Quizplus · Accepted Answer

The Answer of What types of rules for monetary policy may be sensible for policymakers to consider? What is the advantage of using rules over discretion? What problems might there be with rules?

What Types of Rules for Monetary Policy May Be Sensible