Laurence H Meyer : The politics of monetary policy - balancing independence and accountability
نویسنده
چکیده
It is widely believed, at least among central bankers, that “independence” is a prerequisite for achieving the goals that traditionally have been assigned to central banks specifically for achieving price stability. “Independence” does not mean literally independence from government, because central banks here and abroad are almost always part of government. The relationship of central banks to the rest of government is, in practice, therefore much more complex than the term “independence” might suggest.
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