Economist's View: The Politics of Explicit Inflation Targeting

リンク: Economist's View: The Politics of Explicit Inflation Targeting.

In this post, I mentioned that some people believe the Fed pays too much attention to its inflation target and not enough to its full employment mandate. This view presumes there is a tradeoff between low inflation and high employment goals and choosing to focus on one goal necessarily causes a loss of focus on the other. Bloomberg's John Berry discusses this topic:

Barney Frank Says No to Narrowing Fed's Mandate, by John M. Berry, Bloomberg: If Federal Reserve officials needed any reminder about how sensitive politically it would be to adopt an explicit numerical inflat