RemarksDavid DodgeCentral Bank Governor's Panel on Inflation Targeting at a joint session of The American Economic Association and the North American Economics and Finance AssociationAtlanta, Georgia
In the 1970s and 1980s we found - in common with many other countries - that high and variable rates of inflation created a lot of economic damage. And it took a long time and a lot of work with various monetary policy frameworks before we got back on track.