Mainstream Economic Analysis and the Case for Accommodation
美联储有促进充分就业和物价稳定的双重目标，两者通常一致但偶尔冲突。本文论证在目标冲突时采取平衡做法符合主流货币政策规则。
The Federal Reserve has a dual mandate to foster both full employment and price stability. Most often these two goals are in alignment, so policies that support one objective generally support the other. However, at times the two aims can be at odds. When that happens, policies that target one goal may lead to misses on the other one. This article argues that taking a balanced approach between competing choices provides a solution that is in agreement with mainstream monetary policy rules.