Question: Why do most economists believe that it is important for a country's central bank to be independent of the rest of the country's central government?

Why do most economists believe that it is important for a country's central bank to be independent of the rest of the country's central government?

Step by Step Solution

★★★★★

3.42 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The main reason to keep a countrys central bank independent of the rest of the government is t... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1347-B-A-A-M-E(1358).docx

120 KBs Word File

Students Have Also Explored These Related Micro Economics Questions!

Q:

Fill in the blanks to make the following statements correct. a. The emission of greenhouse is a good example of an ______ externality. Firms and individuals have not internalized the ______. b....

Q:

Most economists believe that from 2000 to 2003, actual GDP in the United States grew slower than potential GDP. What, then, should have happened to the unemployment rate over those three years? Then,...

Q:

The chapter explains that Social Security benefits are increased each year in proportion to the increase in the CPI, even though most economists believe that the CPI overstates actual inflation. a....

Q:

Why do most economists believe that it is important for a countrys central bank to be independent of the rest of the countrys central government?

Q:

hello help me with this pleaseeee *Activity Title: Weighing the Market International Financial Institutions Introduction The social institution that has one of the biggest impacts on society is the...

Q:

Economics 248 Assignment 1B This assignment has a maximum total of 100 marks and is worth 20 percent of your total grade for this course. You should complete it after completing your course work for...

Q:

2. (20 points) Consider the model of government budget analyzed in class applied to a developing country, e.g., Ar- gentina. Suppose risk-free rate is 0%. The expected GDP is $100 billion per year...

Q:

9) Based on the premise that, other things equal, countries would prefer a fixed exchange rate, which of the following statements is NOT true? A) Fixed rates provide stability in international prices...

Q:

MACROECONOMICS (TEXTBOOK USED IS ECONOMICS FOR SOUTH AFRICAN STUDENTS FIFTH EDITION PHILIP MOHR AND ASSOCIATES) To round off this section, we illustrate the benefits of an FIGURE 19-6 An increase in...

Q:

MACROECONOMICS To round off this section, we illustrate the benefits of an FIGURE 19-6 An increase in productivity without any increase in remuneration increase in productivity without any...

Q:

Explain why warranty expenses and the actual costs incurred with respect to warranties often do not occur in the same period. Discuss.

Q:

Determine (a) the optic pathlength as the light travels from the point A to point C where the length AB is 10 meters and BC is 6 meters and (b) use the optical pathlength to determine traveling time...

Q:

Assume rhat or r = 10%, r is 5%, and borrowing costs (i) are 1%. A leverage ratio of 1.00 is used. What is g ? Group of answer choices 10% 5% 9% 20%

Q:

1.6 The game show Deal or No Deal, popular throughout the world, provides many elements of risk and expected value. Discuss the ways that the decision as to whether to take the money or to continue...

Q:

You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your No Haggle sales policy. Last year, your dealership earned record profits of $1.5 million....

Q:

You are a pricing analyst for QuantCrunch Corporation, a company that recently spent $10,000 to develop a statistical software package. To date, you only have one client. A recent internal study...

Q:

According to the Cahners In-Stat Group, the number of worldwide wireless phone subscribers will soon reach the 1 billion mark. In the United States alone, the number of wireless subscribers is...

Q:

Estimating Mean SAT Math Score The SAT is the most widely used college admission exam. (Most community colleges do not require students to take this exam.) The mean SAT math score varies by state and...

Q:

When inputting an answer, round your answer to the nearest 2 decimal places (for VARIANCE round to 4 decimal places). If you need to use a calculated number for further calculations, DO NOT round...

Q:

For a proposed bridge project, FDOT has estimated the capital investment, annual O\&M cost, net annual benefit, and salvage value under three different scenarios (optimistic, most likely, and...