Faust, Jon; Henderson, Dale W. - 2004
: first, get mean inflation right; second, get the variance of inflation right. The
ITF is of great help in achieving the … question of
institutional design, but may be of great value in informing the ITF policymaking
board regarding how best to use … an explicit long-run inflation goal and
a commitment to transparency in policymaking. Advocates and practitioners of the …