Fed Chair Janet Yellen was quoted in an article in the Wall Street Journal as asserting: Academic
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Fed Chair Janet Yellen was quoted in an article in the Wall Street Journal as asserting: “Academic studies establish beyond a shadow of a doubt that independent central banks perform better.” What did Yellen likely mean by “perform better”? Why would a central bank that is independent be expected to perform better?
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Janet Yellen probably meant that independent central banks perform bett...View the full answer
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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