Cukierman, Alex - In: Journal Economía Chilena (The Chilean Economy) 9 (2006) 1, pp. 5-23
In the past, central banks were expected—by law, custom, or both—to use their policy instruments to attain a multitude of objectives, such as high levels of growth and employment, provision of funds to the government, and resolution of balance-of-payment problems. Today central banks’...
