The strategy of inflation targeting, which seeks to keep inflation close to a numerical goal over a
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The strategy of inflation targeting, which seeks to keep inflation close to a numerical goal over a reasonable horizon, has been referred to as a policy framework of “constrained discretion.” What features of the inflation targeting framework make this an appropriate description?
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Related Book For 
Money Banking And Financial Markets
ISBN: 9781260226782
6th Edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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