Why should monetary policy be made by rule rather than discretion?
A)because the economy is subject to a variety of random shocks
B)because monetary policymakers are now allowed undisciplined discretion
C)because it is not clear how important political business cycles have been in the past
D)because central banks can achieve credibility over time by backing up their words with deeds

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The Answer of Why should monetary policy be made by rule rather than discretion?
A)because the economy is subject to a variety of random shocks
B)because monetary policymakers are now allowed undisciplined discretion
C)because it is not clear how important political business cycles have been in the past
D)because central banks can achieve credibility over time by backing up their words with deeds

Why Should Monetary Policy Be Made by Rule Rather Than