After two decades with inflationary rates that exceeded the Organization for Economic Co-operation and Development average and with output growth rates that fell short of that average,the New Zealand government adopted a very strict form of inflation targeting in 1990.Explain the New Zealand experiment and its strict form of inflation targeting.

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The Answer of After two decades with inflationary rates that exceeded the Organization for Economic Co-operation and Development average and with output growth rates that fell short of that average,the New Zealand government adopted a very strict form of inflation targeting in 1990.Explain the New Zealand experiment and its strict form of inflation targeting.

After Two Decades with Inflationary Rates That Exceeded the Organization