A Proposal to End Inflation
建议英格兰银行通过盯住一种新型金融工具的价格来稳定物价水平，并评估了该方案的可行性、潜在反对意见及增强承诺可信度的方法，同时与货币增长目标制和物价水平目标制进行了比较。
This paper suggests how the price level could be stabilised by the Bank of England adopting a rule to peg the price of a new financial instrument. This new instrument would be similar but not identical to a price-index futures contract. The paper explains how the scheme would work, assesses potential objections, and discusses how the Bank could enhance the credibility of its commitment to the rule. It also compares the scheme with the alternatives of targeting the monetary growth rate or targeting the price level.