By how much an interest rate should be changed to restore equilibrium is an important decision for
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By how much an interest rate should be changed to restore equilibrium is an important decision for a central bank. Do you think that the interest rate should be set based on judgment or by increased use of formal econometric analysis?
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The question of whether central banks should rely on judgment or formal econometric analysis to set interest rates is a longstanding debate in the fie...View the full answer
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Related Book For
Financial Markets And Institutions
ISBN: 9781292215006
9th Global Edition
Authors: Stanley Eakins Frederic Mishkin
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