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valputin valputin
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Posts: 5754
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8 years ago
Arguments for discretionary policies include
A) discretionary policies pursue overly expansionary monetary policies to boost employment in the short run but generate higher inflation in the long run.
B) policy rules can be too rigid because they cannot foresee every contingency.
C) the time-inconsistency problem can lead to poor economic outcomes.
D) all of the above.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
wrote...
8 years ago
Correct
Our course uses > The Economics of Money, Banking and Financial Markets
wrote...
8 years ago
Slight Smile Good luck with the rest
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