The problem with the prevailing price stability rule is that it ignores inflation outside of the consumer sector, particularly rises in asset prices.
主流的价格稳定法则的不足之处在于,它忽视了消费部门之外的通货膨胀,特别是资产价格的上涨。
This has created stability but at the price of a reign of fear.
这在创造稳定的同时,却使这一时期充满畏惧。
To get inflation back under control there is a case for redefining the role of the bank to focus on primarily on price stability.
要想通胀状态回归到控制范围之内,就需要重新定义银行的职责,从而让其主要地关注控制价格稳定问题。
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