What is the public interest view of the feds motivation

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Reference no: EM131303178

1. Give two examples of conflicts between the Treasury and the Fed.

2. What is the public interest view of the Fed's motivation? What is the principal-agent view? How are these views connected to the theory of the political business cycle?

3. Briefly discuss the main arguments for and against the Fed's independence.

Reference no: EM131303178

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