Assignment Help-What is the rules versus discretion debate?Relate this to “the fool in the shower” and “time inconsistency”
What is meant by the natural rate hypothesis? What does it imply about monetary policy in the short run? In the long run?
Suppose an economy is experiencing high inflation. How might a policy of “inflation targeting” help the Central Bank permanently reduce inflation?
What is the “dual mandate” of the Fed? Be specific as to how the Fed defines each arm of its dual mandate.
