Why price stability is not enough

For the most part, central banks have pursued the goal of price stability, typically defined as a low and stable rate of inflation, over the last few years. For some countries and regions, this goal has been made explicit through the use of an inflation target. For others, the goal has been more implicit but has nevertheless been given a particularly high priority. In the hierarchy of possible macroeconomic policy objectives, price stability comes right at the top.

The underlying assumption is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: