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In some countries the central bank is mandated to use monetary policy

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Question

Question;In some countries the central bank is mandated to use monetary policy to keep inflation to a reasonable, targeted range (say, between, 1% and 2.5%). In other countries the central bank is charged with maintaining growth and stability in the economy with a wider range of objectives ? encourage economic growth, maintain low inflation, keep unemployment levels low, stabilize the value of the currency, etc. Comment on the relative virtues and problems of addressing a single (inflation) objective or multiple (growth, inflation, employment, currency value) objectives.

 

Paper#48620 | Written in 18-Jul-2015

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