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Sources of Financial Instability: Challenges for Monetary and Fiscal Policy | Claudio Borio

Hidden Forces

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What Are You Saying About Central Banks?

Inflation is an important gauge for what is going on in economy, and i think it is important to try and to make sure that inflation remains low and stable within certain bounds. But we should not expect that if we have priced ability, everything else is going to be ok. And therefore, just using inflation as the gauge for the whole of your policy frameworks would be a mistake. I want to move on to the current economic environment, which is basically your annual b i s report that came out in june 20, ninth of this year. Before we do that, i have one more question that's related to a very popular theory that's taken hold here in the usa. That

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