During the two decades leading up to 2020, a period characterized by low and stable price increases in major developed economies, the main challenge for monetary policymakers was consistently preventing inflation from rising significantly above their targets.
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Ch.5 Macroeconomic policy: Inflation and unemployment - The Economy 2.0 Macroeconomics @ CORE Econ
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During the two decades leading up to 2020, a period characterized by low and stable price increases in major developed economies, the main challenge for monetary policymakers was consistently preventing inflation from rising significantly above their targets.
UK's Period of Stable Inflation (Early 1990sā2022)