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22min chapter
Different Matters with Michael Reddell
Different Matters by Damien Grant
Managing Inflation Expectations and Central Bank Independence
This chapter explores the challenge of managing inflation expectations and the importance of an independent central bank in setting monetary policies correctly. It discusses the measures taken in New Zealand to change the public perception of inflation and the reform of the public sector. The chapter also examines the impact of central bank independence on public trust in economic decisions.
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