The Reformation; Luther sparked an avalanche of religious dissent towards the Roman Catholic Church, an institution which, at the time, held enormous power and influence over the lives of Europeans. Even the name of his new branch of Christianity, Protestantism, seems to bear that same rebellious spirit the compelled Luther to nail his theses to the church door.
Increased transparency and accountability actions would enhance the Federal Reserve's ability to make economic policy in the following ways:
- Establishing understandable rules and procedures.
- Eliminating unnecessary market uncertainties and volatility.
- Minimizing the costs of anti-inflation monetary policy.
<h3>What is increased transparency and accountability?</h3>
Increased transparency refers to the increased availability of information to judge or measure the performance of those in authority.
Transparency eliminates power misuse. It is the bedrock of accountability.
Accountability refers to the process of holding those in authority responsible for their decisions and actions.
Thus, transparency and accountability are essential ingredients of good governance.
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The allies included Britain, France, Russia, Italy, and the USA
Henry the Navigator
Henrique o Navegador
