MOST major banks have only one mandate – to achieve price stability so that economic growth can be achieved, and financial stability is contained. However, the US Federal Reserve( Fed) system has dual mandates – price stability and maximum employment. For most central banks, when inflation is at 2%, it is considered as price stability. The definition of maximum employment, however, is vague since it depends on the structure of the labour market. While this sounds easy on paper, trying to achieve
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星报-商业
2022-04-09 00:00:00.0