In the Kydland-Prescott theory, it is desirable for central bank officials to hate inflation passionately. Is it

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In the Kydland-Prescott theory, it is desirable for central bank officials to hate inflation passionately. Is it also desirable for them to hate unemployment passionately? Explain why or why not.

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Money Banking and Financial Markets

ISBN: 978-1429244091

2nd edition

Authors: Laurence M. Ball

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Question Posted: Dec 05, 2015 03:47 AM

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In the Kydland-Prescott theory, it is desirable for central bank officials to hate inflation passionately. Is it

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By definition conservative central bankers care more about keeping inflation low than about s...View the full answer

Money Banking and Financial Markets

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