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| Author: | Lilico, A. |
| Title: | Price-level targeting - the next objective for monetary policy? |
| Journal: | Economic Affairs
2000 : JUN, VOL. 20:2, p. 49-52 |
| Index terms: | Monetary policy Inflation Prices United Kingdom Europe |
| Language: | eng |
| Abstract: | Inflation-targeting monetary policy is compared with price-level targeting. It is argued that price-level targeting offers greater certainty about the long-term inflation rate, greater economic growth, a superior response to a deflationary depression, and other advantages. |
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