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 of “constrained discretion.” What does this mean?

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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Question Posted: Oct 02, 2014 08:13 AM

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The strategy of inflation targeting, which seeks to keep inflation close to a numerical goal over a

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Under inflation targeting central banks conduct polic...View the full answer

Money Banking and Financial Markets

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