Describe the role of targeting in the monetary policies

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Reference no: EM131303008

1. Briefly describe the role of targeting in the monetary policies of the Bank of Canada, the Bank of England, the Bank of Japan, and the European Central Bank.

2. Is the Fed more likely to aggressively attempt to reduce high cyclical unemployment when the inflation rate is high or when the inflation rate is low? Briefly explain.

Reference no: EM131303008

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