Jacques de Larosière from the Center for Financial Stability (CFS) shares his latest thinking on inflation targets and the unintended consequences from excessively accommodative monetary policy.
“This challenge could be defined as follows.
If we accept, as central bankers do, that inflation – which now stands at around 1.5%, i.e. slightly below the 2% target – is a major problem, the only possible way forward, in their view, would be to ease monetary policy until the target is met.
But is this justified and reasonable?”
We invite you to read the presentation by clicking on the following link: The Monetary Policy Challenge – Center for Financial Stability
The Monetary Policy Challenge – Center for Financial Stability
Author : John E. Charalambakis
Date : December 5, 2019
Jacques de Larosière from the Center for Financial Stability (CFS) shares his latest thinking on inflation targets and the unintended consequences from excessively accommodative monetary policy.
“This challenge could be defined as follows.
If we accept, as central bankers do, that inflation – which now stands at around 1.5%, i.e. slightly below the 2% target – is a major problem, the only possible way forward, in their view, would be to ease monetary policy until the target is met.
But is this justified and reasonable?”
We invite you to read the presentation by clicking on the following link: The Monetary Policy Challenge – Center for Financial Stability