Stability of price level is only one of major policy goals and contrasts with another key policy goal, namely employment. Therefore it is necessary to define role of deflation policy and to select its means circumspectedly.
DEBATE

Összefoglaló
Stability of price level is only one of major policy goals and contrasts with another key policy goal, namely employment. Therefore it is necessary to define role of deflation policy and to select its means circumspectedly.