1. Identify all of the parties involved who have a stake in the ethical dilemma,


1. Identify all of the parties involved who have a stake in the ethical dilemma, describing the elements of the dilemma in detail.
2. Using your own judgement, discuss the costs and benefits to scenarios involving varying degrees of central bank independence.
3. Weigh your arguments against the economic insights and reasoning gained in class pertaining to monetary policy, give a policy recommendation as to the optimal level of central bank independence.


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