Nominal Stability

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OPEN DEBATE: Nominal Stability- Christy Romer ‘strikes’ again

SAO PAULO | By Marcus Nunes | Friday evening Christina Romer gave the Sumerlin Lecture at Johns Hopkins University. The lecture was called “Monetary Policy in the Post-Crisis World: Lessons Learned and Strategies for the Future.” She touches on many bases, some suspect, like when she says  “Financial stability is job number one of any central bank. Without that-nothing else matters”. Saying “Nominal stability” would have been closer to the thruth.