Discuss the merits and drawbacks associated with an independent central bank?

Discuss the merits and drawbacks associated with an independent central bank? Discuss the merits and drawbacks associated with an independent central bank? no more than 1800 words Where relevant support your arguments with economic theory and academic journal articles. try to associated with what module is teaching. the module topics: LECTURE 1: Empirical Evidence on Money, Prices, and Output and a Macro Theory Review LECTURE 2: DSGE Models for Monetary policy LECTURE 3: Nominal Rigidities, Monopolistic Competition and the New Keynesian Model LECTURE 4: Monetary Policy Analysis in New Keynesian Models LECTURE 5: Open Economy and Monetary Unions LECTURES 6-7: Independent Central Banks – The Barro Gordon Model (Discretion VS Commitment) LECTURE 8: Inflation Targeting LECTURE 9: The Financial Crisis and Macro prudential Policy LECTURE 10: Money Creation and Quantitative Easing