In this day and age when target rates aren't reached by the implemented monetary policies and the business cycle has become much more volatile; do you think central banks are still necessary? Support your answer using good economic basis.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter14: Modern Macroeconomics And Monetary Policy
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In this day and age when target rates aren't reached by the implemented monetary policies and the business cycle has become much more volatile; do you think central banks are still necessary? Support your answer using good economic basis.
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