It will require a huge effort, but you have already come a long way. Keep up the good work! Thank you for your attention. 4  BIS central bankers’ speeches
Price-level targeting Interest in the potential advantages of price-level targeting has, if anything, increased following the crisis. The automatic stabilization properties that might result from committing to a price-level target could reduce the probability of hitting the zero bound, thereby allowing central banks to aim for a lower target path, and make monetary policy more effective once it was reached.