Defining price stability: what should we aim for?

Craig Ebert
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Craig Ebert: Reserve Bank of New Zealand

Reserve Bank of New Zealand Bulletin, 1994, vol. 57, No 1

Abstract: This article explores many of the issues that underlay the choice of the 0 to 2 per cent inflation target in the Policy Targets Agreement as the best operational formulation of the Bank's requirement to pursue stability in the general level of prices.

Date: 1994
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