One Advantage of Inflation Targeting Over the Taylor Rule Is

question 163

True/False

One advantage of inflation targeting over the Taylor rule is that with inflation targeting, because the public knows the target in advance, uncertainty is reduced.

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Definitions:

Hierarchy

A system or organization in which people or groups are ranked one above the other according to status or authority.

Committed

The state of being dedicated or devoted to a cause, activity, or goal, typically implying a long-term engagement or obligation.

Express

To convey a thought or feeling in words or by gestures and conduct.

Social Dominance Orientation

A personality trait that predisposes individuals to prefer and support social hierarchy and dominance of their in-group over out-groups.