A case for inflation targets in the US and Japan

This article published by the American Enterprise Institute on Wednesday 27 September says that the world's leading central banks are struggling with what is happening to prices in their respective countries, and what they should do and say about it.

"Inflation targeting may be a desirable approach to addressing these questions," it says.

"Some confusion is emerging with regard to inflation targets and the broader conduct of monetary policy both in the United States and Japan."

"An awkward

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