How New Zealand invented inflation targeting

marginalrevolution.com/marginalrevolution/2025/06/how-new-zealand-invented-inflation-targeting.html

Douglas appeared on TV declaring his intention to reduce inflation to ‘around 0 or 0 to 1 percent’ over the next couple of years, and then went on to make several similar comments in the following days.
Douglas would soften his stance on specific timelines but ask the Reserve Bank and…

This story appeared on marginalrevolution.com, 2025-06-13 04:39:33.
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