Definition

Hierarchical mandate

Hierarchical mandate is a mandate for the central bank that puts the goal of price stability first, but as long as it is achieved other goals can be pursued.

Share it:  Cite

More from this Section

  • Real cost of hedging
    Real cost of hedging means the additional cost of hedging when compared to not hedging ...
  • Break-even point
    The break-even point is the point where total revenue received equals total costs associated ...
  • Alpha
    Alpha is a measure of risk-adjusted performance. An alpha is usually generated by regressing ...
  • Loan Risk
    Loan Risk this is the risk of loss from loaning money and having the borrower fail to ...
  • Federal Reserve banks
    Federal Reserve banks is the 12 district banks in the Federal Reserve System. ...