If policymakers suffer from time inconsistency, they would be better off adopting and sticking to policy rules.

Name: If policymakers suffer from time inconsistency, they would be better off adopting and sticking to policy rules.
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Quizplus · Accepted Answer

Time inconsistency means that policymakers may not stick to their original plan, leading to suboptimal outcomes. Adopting and following a policy rule can help to manage this issue and promote consistency in decision-making.

If Policymakers Suffer from Time Inconsistency, They Would Be Better