Shoot to kill: central bankers

Article Abstract:

Inflation is at its lowest level in years and now economists at central banks need to decide the focus of their economic policy. Some argue that maintaining price stability with some inflation is more important than achieving zero inflation. Policies in several countries are examined.

Federal Reserve Banks, Monetary Authorities - Central Bank, Interest Rates

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Grease or sand: America's inflation rate is low and stable. This has rekindled an old debate over the benefits of price stability

Article Abstract:

Virtually everyone agrees that high inflation is bad for an economy, but economist James Tobin of Yale Univ and some others argue that a small rate of inflation can be positive. Tobin's reasoning has partly to do with wage earners' perceptions of economic reality.

Wages, Wages and salaries, Public opinion

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On target: some central banks now use the inflation rate as the lodestar for monetary policy

Article Abstract:

Central banks that determine their monetary policy by factoring in the inflation rate have experienced better control of the economy. New Zealand was the first to incorporate such policy, in 1990, and Canada and Great Britain followed suit with good success.

Monetary Authorities & Banks, Management, Monetary policy

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