3 ms·
the Fed has an explicit dual mandate [1]. the two mandates are inflation AND employment. not all CBs have two mandates, and if they only have one, not all CBs
by princeb 9y ago
the Fed has an explicit dual mandate [1]. the two mandates are inflation AND employment.
not all CBs have two mandates, and if they only have one, not all CBs target inflation.
[1] https://www.google.com.sg/search?q=dual+mandate https://www.google.com.sg/search?q=dual+mandate