Price stability is imperative in economics. Independent central banks have, therefore, been encouraged by the IMF in all countries with a clear mandate to achieve a low inflation target. It is well accepted that long-run sustained growth requires a stable low inflation environment. Curbing inflationary pressures is not costless. The tradeoff between growth and inflation …
The Cost of Disinflation: The Sacrifice Ratio? NADEEM UL HAQUE, Vice Chancellor, PIDE ABDUL JALIL, Professor of Economics, PIDE PRICE STABILITY IS IMPORTANT Price stability is an imperative in economics. Independent central banks have therefore been encouraged by the IMF in all countries with a clear mandate to achieve a low inflation target. It is …
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