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Without price stability, it is very difficult for any economy to grow at a sustainable pace and thus to provide stable levels of employment and income for the population.
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That way, you'd get price stability without the recession.
Inflation targeting has thus helped achieve price stability without penalising economic growth.Why?
But the more that people expect higher inflation to persist and act on that view when they set prices and negotiate wages the harder it will be for the bank to restore price stability without driving the economy into recession by raising interest rates.
Effort should also be made to ensure price stability without sacrificing the quality of iodized salt.
The need for currency stability has now superseded the Central Bank's inflation-targeting policy (which was adopted in 2001)—with imports accounting for nearly one-third of the consumer price index (CPI), price stability cannot be achieved without a recovery in the krona.
Its original mission, to ensure price stability, has expanded substantially during the financial crisis, without an increase in the limited scrutiny it receives from the European Parliament.
OK, maybe also price stability.
"Inflation" words: "inflation"; "price stability"; "prices"; "deflation".
Ensuring price stability is our job".
But what exactly does "price stability" mean?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com