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  • Central banks

  • Monetary policies demand a long-term view that is not compatible with the political cycles.
  • Politicians are short-sighted because they want to win the next elections.
  • Before elections, they would implement expansionary policies in order to reduce unemployment but those policies increase inflation.
    • After the election, they would fight unemployment through contractionary policies but those policies lead to high interest rate and unemployment rise.
  • Politicians are short-sighted whereas the independent central banks are long-sighted.
  • Moreover, the independence of the central banks prevents government from financing the deficit through expansionary policies.
    • Lastly, some people argue that monetary policy is too technical and complicated for politicians and citizens who are not educated on.
  • That is why only technocrats are believed to be qualified enough to develop monetary policies.
  • Besides, as the central bank is not elected, it can implement unpopular policies if it is in the interest of the citizens.

각 문장을 수정해주세요! - English

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  • 문장 1
  • 문장 2
  • 문장 3
    • Before elections, they would implement expansionary policies in order to reduce unemployment but those policies increase inflation.
      투표하세요!
    • ADD a NEW CORRECTION! - 문장 3ADD a NEW CORRECTION! - 문장 3
  • 문장 4
    • After the election, they would fight unemployment through contractionary policies but those policies lead to high interest rate and unemployment rise.
      투표하세요!
    • After the election, they would fight unemployment through contractionary policies but those policies lead to high interest rates and an increase in unemployment rise.
      LadyDarkeLadyDarke profile picture 댓글
      투표하세요!
    • ADD a NEW CORRECTION! - 문장 4ADD a NEW CORRECTION! - 문장 4
  • 문장 5
  • 문장 6
    • Moreover, the independence of the central banks prevents government from financing the deficit through expansionary policies.
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    • ADD a NEW CORRECTION! - 문장 6ADD a NEW CORRECTION! - 문장 6
  • 문장 7
    • Lastly, some people argue that monetary policy is too technical and complicated for politicians and citizens who are not educated on.
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    • Lastly, some peoplemay argue that monetary policy isies are too technical andor complicated for politicians and citizens who are not educated onwell versed in the subject matter.
      LadyDarkeLadyDarke profile picture 댓글
      투표하세요!
    • ADD a NEW CORRECTION! - 문장 7ADD a NEW CORRECTION! - 문장 7
  • 문장 8
  • 문장 9
    • Besides, as the central bank is not elected, it can implement unpopular policies if it is in the interest of the citizens.
      투표하세요!
    • ADD a NEW CORRECTION! - 문장 9ADD a NEW CORRECTION! - 문장 9