where the streets have no name

The pursuit of price stability

by on dez.26, 2012, under japan

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cheap oakley sunglasses The pursuit of price stability, invariably implies the indirect pursuit of other objectives such as economic growth, which can only take place under conditions of price stability and allocative efficiency of the financial markets. Since inflation is generally considered as purely a monetary phenomenon, with significant cost to the economy, the primary goal of monetary policy is to ensure that money supply is at a level that is consistent with the growth target of real income, such that non inflationary growth will be ensured. The pursuit of price stability cheap oakleys, therefore, encompasses all main areas in which the central bank can contribute towards stabilizing the macroeconomic environment of the country.. cheap oakley sunglasses

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