A closer look, however, suggests that a rules-based approach is superior. 1  A good monetary policy rule specifies a plan of action which the central bank cannot later ignore, while discretion allows central bankers to reactâand often overreactâto economic indicators as they see fit.
Syntax errors are errors in your code such as a missing semi-colon. Run time errors are errors that appear during run time such as an infinite loop. Logic errors appear when your code does not do what you want it to do because of the logic such as the comparisons are wrong.
Compilation error occurs when you are compiling some application. For example when you are running a C++ program and it lacks a semi-colon or a curly bracket, these type of error are detected by the compiler and is showed as output in the compiling screen as compilation error.