Kieler, Mads - International Monetary Fund (IMF) - 2003
-term inflation has encumbered the communication of monetary policy; and (3) a target toward the upper end of the ECB's price …The ECB's objective of medium-term inflation below 2 percent has been portrayed by critics as ambiguous, asymmetric … that: (1) in terms of guiding inflation expectations and policymaking, the current definition has functioned much as would …