Before taking office as the new Federal Reserve chairman, Ben Bernanke advocated for the adoption of an

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Before taking office as the new Federal Reserve chairman, Ben Bernanke advocated for the adoption of an inflation target to promote price stability in the United States. Compare and contrast the Fed and the ECB in terms of their commitment to price stability and economic stability. Which central bank has more independence to pursue price stability as a primary objective? Explain.
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International Economics

ISBN: 978-1429278447

3rd edition

Authors: Robert C. Feenstra, Alan M. Taylor

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