Why should central bankers particularly adverse to inflation, Macroeconomics

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Why should central bankers particularly adverse to inflation

Problem

1. Why should central bankers be particularly adverse to inflation?

2. Is the argument over the independence of central banks being biased in favour of independence by the assumption of forward-looking market agents but myopic voters?

3. How are the following arguments discussed in this chapter affected, if at all, by an assumption of endogenous money?

(a) the expectations-augmented Phillips curve

(b) policy irrelevance

(c) central bank independence.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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