Can using an interest rate as an intermediate target ever have an inflationary bias? Explain.
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Can using an interest rate as an intermediate target ever have an inflationary bias? Explain.
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Using an interest rate as an intermediate target in monetary policy can potentially introduce an inflationary bias under certain circumstances The cho...View the full answer
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Related Book For
Financial System Of The Economy Principles Of Money And Banking
ISBN: 9780765622464
5th Edition
Authors: Maureen Burton,Bruce Brown
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