Inflation Targeting Farce: High Costs, Moot Benefits
Inflation Targeting Farce: High Costs, Moot Benefits
By Anis Chowdhury and Jomo Kwame SundaramSYDNEY and KUALA LUMPUR, Sep 20 2022 (USNewsRank)
Policymakers have become obsessed with achieving low inflation. Many central banks adopt inflation targeting (IT) monetary policy (MP) frameworks in various ways. Some have mandates to keep inflation at 2% over the medium term. Many believe this ensures sustained long-term prosperity.Anis Chowdhury
The…
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