It is also well known that long-run price stability was achieved under commodity standards but never under pure fiat money.
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In theory, a discretionary central bank could limit the quantity of money and achieve long-run price stability by controlling the growth of nominal final demand.
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Monetizing debt and allocating credit, rather than stabilizing the growth of nominal demand and achieving long-run price stability, have brought the Fed into dangerous waters.
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Unlike the classical gold standard, there is no market feedback mechanism to bring the quantity of money in line with the demand for money while maintaining long-run price stability.
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Under a true gold standard, the optimal quantity of money is determined by market forces the money supply spontaneously adjusts to the demand for money, and long-run price stability is achieved.
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The outliers' long-run record of stability is far from confidence-inspiring (see chart 2 on previous page).
GDP, the variable that matters most for stability in the long run.
He believes that the central bank's new credit guidelines, which include a limit on property lending to one-fifth of outstanding loans, would bring stability in the long run.
This strategy has been conditioned on our expectation that the prices of oil and other commodities would ultimately stabilize, in part as the result of slowing global growth, and that this outcome, together with well-anchored inflation expectations and increased slack in resource utilization, would foster a return to price stability in the medium run.
Hachim Amla and Ashwell Prince offered a semblance of stability with a 22-run stand before Harbhajan trapped Amla leg before in his second over.
First Vice President Ali Osman Mohamed Taha told parliament that the government will take whatever measures are needed to guarantee stability in Sudan, state-run media reported Monday.
In part for that reason, regular investors have typically shied away from kickers, favoring run-of-the-mill munis for their stability.
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Asked about Mr Obama's preference, Mr Cameron said he would rather not "deal in too strict timetables" but wanted to get on with bringing "some stability" in Afghanistan so its people could run their own country and troops could come home.
Developing corporate-bond markets is important for financial stability, both as a buffer when other funding sources run dry and to reduce mismatches in a firm's balance sheet.
Sir Mervyn argued, in the long run, the Bank must maintain its 2% target, as price stability must remain the primary responsibility of all central banks.
Measures being discussed include a further expansion of the the European Financial Stability Mechanism designed to increase funds available to countries and banks which run into trouble.
But the government, fearing a run on the banks, believes that it is the only way to maintain stability and proceed with an orderly liquidation of insolvent banks.
Europe's main rescue fund, the European Financial Stability Facility (EFSF), does not have enough money to withstand a run on Italy and Spain.
Yet despite Wales' poor run, the WRU awarded Gatland a four-year extension to his Wales reign to provide coaching stability.
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The American plan to develop a centralized Legal Entity Identifier and run it through the DTCC in New York ran into heated opposition at a meeting of the Financial Stability Board (FSB) in Basel in mid-October.
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The Dutch want to beef up the commission's powers to enforce the stability and growth pact, which sets limits on the budget deficits that member countries of the euro can run.
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