- Price level target can make up for low inflation
- Target serves as automatic stabiliser and makes long term contracts safer
- Price level target merits serious discussion
- Below target inflation signals wasted resources and a significant problem in the economy
It doesn’t matter how they set targets or come up with schemes to be more transparent, you can never take away the volatility from events that lead to the targets. If they manage to we’ll all need to look for other work.
