Credibility begins with a clear commitment to price stability

Jerry L. Jordan

Economic Commentary, 1993, issue Oct

Abstract: An argument that the central bank should adopt a policy of price stability based on an explicit objective for the Consumer Price Index, which the Cleveland Fed President believes would provide a nominal anchor for the dollar as well as a clear standard by which to measure the success of monetary policy.

Keywords: Monetary policy; Consumer price indexes; Inflation (Finance) (search for similar items in EconPapers)
Date: 1993
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