Simplifying, the inflation-targeting policy advice can be articulated in three main precepts:   First, look at inflation forecasts and output gap forecasts as summary statistics of the state of the economy.
-7There is every reason to expect that technology and communications will continue to rapidly evolve, and to affect the financial system and financial stability in ways that we cannot fully anticipate. While future innovations may well improve the delivery of financial services and make the system stronger, they may also contain the seeds of potential future systemic vulnerabilities.