Flexible Commitment or Inflation Targeting for the U.S

Santomero, Anthony M.
September 2003
Business Review (Federal Reserve Bank of Philadelphia);2003 Third Quarter, p1
Trade Publication
Discusses the issues associated with inflation targeting, particularly the calibration of target and reconciliation of inflation targeting with the mandate of the U.S. Federal Reserve Board to foster not just price stability but also full employment. Economic benefits of price stability; Overview of Canada's experience with inflation targeting; Policy framework of the U.S. Federal Reserve Board; Components of an inflation target that must be calibrated.


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