nbp speech, 2006-04-06
Admittedly, the impact of the DIT strategy on lowering inflation is a subject matter of discussion; however, empirical evidence exists that implementation of the DIT strategy improves macroeconomic outcomes (lower costs of stabilising inflation, decreased influence of price shocks and output shocks on inflation, thereby - decreased effect of past inflation on the current inflation, which reduces inflation persistence).
Sentiment: neutral
Topic: mp_inflation