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- W2247159049 abstract "This paper discusses the institutional monetary policy framework in the United Kingdom, and sets out two changes that should be adopted once the banking crisis and recession have passed. Raising the inflation target would provide more insurance against deflation at little cost to the economy: and targeting prices in the labour market, where nominal rigidities are more pronounced, would help policymakers to focus on what really matters, and avoid too much distraction from other factors like commodity prices." @default.
- W2247159049 created "2016-06-24" @default.
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- W2247159049 date "2009-03-01" @default.
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- W2247159049 title "Why We Should Change the Inflation Target (But Not in the Way You Might Think)" @default.
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