Doubts continue to be expressed about the net benefits of announcing an explicit inflation objective versus a more balanced set of goals that include an overt concern over real economic developments. This is true even if major central banks that do not explicitly target inflation (e.g., the US...

I.3N Inquiry into the future monetary policy framework Report of the Finance and Expenditure Committee Forty-eighth Parliament (Charles Chauvel MP, Chairperson) September 2008 Presented to the House of Representatives I.3N 2 Contents 1 Introduction 9 Our inquiry 9...