What are five essential characteristics or features that a well-managed central bank should possess?After explaining each one, rate the FED on how well or how poorly it embodies each feature with a brief explanation. P.S. use my five essential characterists and rate FED by using them!!!!!!!!!!!! 1) A central bank should be goal dependent 2) A central bank should be instrument independent 3) A central bank should stress transparecy and communication 4) A central bank should have the goal of financial stability. 5) A central bank should be accounable
What are five essential characteristics or features that a well-managed central bank should possess?After explaining each one, rate the FED on how well or how poorly it embodies each feature with a brief explanation. P.S. use my five essential characterists and rate FED by using them!!!!!!!!!!!! 1) A central bank should be goal dependent 2) A central bank should be instrument independent 3) A central bank should stress transparecy and communication 4) A central bank should have the goal of financial stability. 5) A central bank should be accounable
Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles
Section: Chapter Questions
Problem 8E
Related questions
Question
What are five essential characteristics or features that a well-managed central bank should possess?After explaining each one, rate the FED on how well or how poorly it embodies each feature with a brief explanation.
P.S. use my five essential characterists and rate FED by using them!!!!!!!!!!!!
1) A central bank should be goal dependent
2) A central bank should be instrument independent
3) A central bank should stress transparecy and communication
4) A central bank should have the goal of financial stability.
5) A central bank should be accounable
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)
![Economics Today and Tomorrow, Student Edition](https://www.bartleby.com/isbn_cover_images/9780078747663/9780078747663_smallCoverImage.gif)
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co
![Macroeconomics](https://www.bartleby.com/isbn_cover_images/9781337617390/9781337617390_smallCoverImage.gif)
![Economics:](https://www.bartleby.com/isbn_cover_images/9781285859460/9781285859460_smallCoverImage.gif)
![Economics Today and Tomorrow, Student Edition](https://www.bartleby.com/isbn_cover_images/9780078747663/9780078747663_smallCoverImage.gif)
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co
![Macroeconomics](https://www.bartleby.com/isbn_cover_images/9781337617390/9781337617390_smallCoverImage.gif)
![Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337617383/9781337617383_smallCoverImage.gif)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning