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    Exam 17: Optimal Monetary Policy
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    Discuss the Merits of a Money Growth Rule Versus an Inflation
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Discuss the Merits of a Money Growth Rule Versus an Inflation

Question 14

Question 14

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Discuss the merits of a money growth rule versus an inflation target rule.Which was preferred by Monetarists? Which is the most widely used today,and why?

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The monetarist argument for a money grow...

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