Which of the following is not an element of inflation targeting?
A)a public announcement of medium-term numerical targets for inflation
B)an institutional commitment to price stability as the primary long-run goal
C)an information-inclusive approach in which only monetary aggregates are used in making decisions about monetary policy
D)increased accountability of the central bank for attaining its inflation objectives

Question

Quizplus · Accepted Answer

Inflation targeting does not necessarily require using only monetary aggregates in making decisions about monetary policy. Rather, it emphasizes the importance of taking into account a broad range of economic and financial indicators in setting policy.

Which of the Following Is Not an Element of Inflation