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The world economy has experienced the largest financial crisis in generations, a global pandemic, and a resurgence in … inflation during the first quarter of the 21st century, yielding important insights for central banking. Price stability has … involves a credible commitment to a nominal anchor with a strong response to inflation and pre-emptive leaning against an …
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Part II of the special Economic Policy Review volume on inflation targeting …
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Part VII of the special Economic Policy Review volume on inflation targeting …
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This paper examines what we have learned and how we should change our thinking about monetary policy strategy in the aftermath of the 2007-2009 financial crisis. It starts with a discussion of where the science of monetary policy was before the crisis and how central banks viewed monetary policy...
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