Comment: Bands or point targets?

Relatively little attention is paid to issues regarding optimal institutional arrangements for inflation-targeting central banks, as the big policy debates seem to revolve more around whether or not countries should adopt the framework in the first place. But, as is so often the case in policymaking, the devil is in the details.

COMMENT BY CENTRALBANKNET

A good example is the issue of point targets versus target ranges, where the important issue is perhaps not whether a target band rather point

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