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CENTRAL BANKING: THE CHALLENGES AHEAD Maintaining Price Stability - Finance & Development -
CENTRAL BANKING: THE CHALLENGES AHEAD Maintaining Price Stability STANLEY FISCHER The enduring challenge facing central banks is to fight inflation. Central banks can best meet this challenge if they are independent and adopt a low inflation target with some flexibility for price shocks in recognition of the short-run trade-off between inflation and unemployment. HE FUNDAMENTAL task of the ...
www.worldbank.org/fandd/english/1296/articles/0101296.htm
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