Who should determine economic policy goals for the nation

Reference no: EM13897744

1. Who should determine the economic policy goals for the nation: the government democratically elected by the public or a central bank whose directors (or governors) are not elected and cannot be made directly responsible to the public? What are some of the practices in this respect?

2. It is often argued that independence of the central bank from the government and the legislature would lead to a lower in?ation rate. Why, and under what circumstances is this likely to happen?

Reference no: EM13897744

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