Would countercyclical policy still be enacted if central bankers were appointed by popular vote?

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25-08-2022
Social Studies

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Would countercyclical policy still be enacted if central bankers were appointed by popular vote?

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RajarshiG RajarshiG · Answer 1 · 2022-08-29T16:52:23+02:00

Would countercyclical policy still be enacted if central bankers were appointed by popular vote? The answer to this question is no.

A central bank refers to a financial institution that is authorized with privileged control on the substantial production and distribution of money and credit for a nation or a group for that matter.

Counter-cyclical fiscal policy refers to the policy or strategy that is used by the government in order to counter the effects of boom or recession with the help of fiscal measures.

Central Bankers are those who are employed in the central bank and the counter-cyclical policy can not be enacted if they are chosen by the popular vote.

To learn more about bankers here

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