Central banks must learn lessons of BoJ’s inflation target rise – Fed paper


Central banks should learn from the Bank of Japan’s experience before raising their inflation targets, a Federal Reserve economist argues.

Taisuke Nakata analyses the impact of the BoJ’s 2013 move to raise its inflation target from 1% to 2%.  

Nakata argues the Japanese experience shows that central banks must demonstrate their ability to achieve the old target first if they hope to convince the public the new, higher target is attainable.

The Bank of Japan raised its target to 2% when

You are currently unable to copy this content. Please contact [email protected] to find out more.



Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!

Comments