Price stability.

The Fed Versus Price Stability

But the ECB s primary responsibility is to achieve and maintain price stability. When conventional interest rate policy becomes impotent, its duty is to rely on other instruments.

Their mandate is to maintain price and financial stability, as well as maximum employment. The more intently Fed governors focus on their core responsibilities, the more inclined politicians will be to respect their independence.

But the ECB, whose only mandate is to maintain price stability, cannot pursue this policy without fundamental changes in legislation. Moreover, this scenario cannot take place before the slump has turned into a boom.

Its prime objective remains price stability, with real economy factors relegated to the second order of importance. By contrast, the US Federal Reserve has a dual mandate price stability and full employment.

Maintain and expand UV networks, including both spectrally resolved and broadband instruments, to achieve geographical balance and to maintain long term stability.

The predecessor agreements had achieved a marked degree of price stability in the market.

Moreover, the highest priority for central banks can no longer be to maintain their credibility as guardians of price stability, but rather their credibility as guardians of the financial system s stability and soundness. Once that highest goal has been achieved, central banks can turn their attention to trying to keep the economy near full employment.

Price stability was a basic element in enabling producing countries to formulate long term national development policies.

The ultimate goal of non proliferation efforts is to maintain international and regional peace, security and stability.

What central banks need now is a revised mandate that upholds price stability as the primary, long term objective, while allowing policymakers to pursue other objectives when appropriate. Specifically, the central bank should be able to move slowly on price stability if it regards the real economy as unacceptably weak, or if an asset price misalignment threatens financial stability and cannot be defused quickly by the new macro prudential instruments.

There should be no pause in United Nations endeavours to establish and maintain international peace, security and stability.

In October 1998, just before the start of the European Monetary Union, the Governing Council of the European Central Bank (ECB) adopted a stability oriented monetary policy strategy. This strategy comprises three elements First and foremost it contains a clear commitment to the primary goal of the ECB, which is to safeguard price stability. Price stability was defined as an annual increase in the price level of below two percent over the medium term.

How can measures to increase commodity price stability and returns from commodity exports contribute to achieving the Millennium Development Goals?

It is time for central banks to accept this fact and adopt a comprehensive, long term monetary policy approach even if it means that, in the short term, consumer price inflation deviates from what is currently understood as price stability. Temporary fluctuations in a narrow and imprecisely measured CPI are a small price to pay to secure the long term stability of money.

First, the ECB s mandate enshrined in the Maastricht Treaty is to deliver and maintain price stability. Focusing on the goal of maintaining a low and stable rate of inflation is the best contribution that monetary policy can make to economic welfare, sustainable growth, and job creation.

Just because European governments have failed to put bread on their constituents tables doesn t mean that the European Central Bank should likewise fail in its job of promoting price stability in the euro zone. That may sound obvious, but abandoning price stability is exactly what some European politicians are advocating.

In the past 30 years, a remarkable degree of consensus had been established that the primary, if not sole, responsibility of central banks was to ensure price stability. Increasingly, since the early 1990 s, it had become fashionable to define price stability more precisely through the use of inflation targets.

Central banks highest priority should be to maintain their credibility as guardians of price stability, and only then turn their attention to keeping the economy near full employment, which they should do by influencing asset prices upward when unemployment threatens to rise, and downward when an inflationary spiral looms

Price stability has arrested the erosion of real wages for urban wage earners experienced during the high inflationary period of 1991 1995.

(a) In the fifth preambular paragraph, the words are able to maintain their internal and external financial stability were replaced by the words have been more capable of maintaining their internal and external financial stability

Lebanon wishes to maintain security and calm along the Blue Line and is working to spread stability and growth to the liberated regions.

The Fed decided to define price stability as a two percent annual inflation over the medium term of the price index of consumer expenditures. For the past 12 months, that rate of increase has been about 1.5 .

Supporting international efforts to maintain peace, security and stability and expressing the desire to develop mechanisms to promote confidence building and cooperation in Asia,

During the 1997 1998 Asian financial crisis, the renminbi s stability played an important role in stabilizing the region. So, too, the renminbi s stability has helped the region maintain strong growth, from which the world as a whole benefits.

We continued to guide monetary policy by our assessment of the risks to price stability over the medium term. This medium term orientation paid off.

Kuwait works diligently to ensure the stability of the international oil market in order to maintain the pace of economic development and growth for everyone.

2. Price and price increases

The flexibility of the price system in a context of full stability and economic freedom resulted in the international competitiveness shown by a large number of industries.

Price stability was equally important to consumers as they were assured that their manufacturing costs would not be undermined drastically by a violent upward swing in prices.

In principle, Germany could try to boost domestic demand by leveraging up but, unless the exchange rate adjusts upward to shrink the tradable sector at the margin, doing so would be inflationary. The European Central Bank would then have to intervene to maintain the credibility of its commitment to price stability, which is its primary mandate.

Consistent with Security Council resolution 1546 (2004), the multinational force is in Iraq to help the Iraqis maintain security and stability until they can do so unassisted.

Creating an overall favourable environment through price stability, reliable economic growth and development prospects, and access to international capital markets were key demands they made on government policy.

Welcoming the desire of the South East Asian States to maintain peace and stability in the region in the spirit of peaceful coexistence and mutual understanding and cooperation,

(c) The need to maintain regional peace and stability by refraining from introducing sophisticated weapons into the military arsenal, as also demanded by the latest Security Council resolutions,

For a price, Ugarte. For a price.

They just care about three things and three things only price, price and price.

Developing countries are contributing not only to world growth but also to macro stabilization policies worldwide, in particular through greater internal price stability and significant deregulation of financial markets.

For our country, it is vitally important, as a factor for long term stability, always to maintain a careful balance between the rights of individuals and those of communities.

The SCO believes that if Afghanistan is to achieve lasting peace and order and comprehensive progress in social and economic efforts, it must first maintain stability and promote development.

On 12 February 1959, the Government of the United States of America rejected a request from Cuba for a modest loan to maintain the stability of the domestic currency.

Politicians desire to keep interest rates low in order to reduce unemployment is often in tension with the Fed s concern to act in a timely manner to maintain price stability. The large number of long term unemployed may make the problem more difficult this time by causing the unemployment rate to remain high even when product markets are beginning to experience rising inflation.

Notably, price growth turned positive last month, suggesting that the threat of deflation has been eliminated. This has prompted a modest uptick in expected inflation the ECB s favorite measure of price stability not for the immediate future, but in five years, and then for five years.

(2) The transaction price or the price range