Swiss Economicblogs.org
The Reserve Bank of New Zealand is credited with being the first central bank to adopt a formal inflation target. Following last year’s election, the central bank’s mandate has been modified to include full employment. To be sure this was a political decision, and one that initially saw the New Zealand dollar retreat. The dual mandate that originated with the Fed has been questioned in the US, but Congress has shown...
Read More »Great Graphic: EMU Inflation Not Making it Easy for ECB
