Otmar Issing, Former Chief Economist for the ECB, Argued All

Multiple Choice

Otmar Issing, former chief economist for the ECB, argued all of the following EXCEPT

A) central banks sometimes need to lean against asset bubbles.
B) central banks need to pay close attention to money supply growth.
C) .inflation is primarily determined by money supply growth in the long run
D) models should no longer include money when trying to understand macroeconomic behavior.