Such reports also enable the public to ascertain whether a central bank can be held accountable if the inflation target is not attained. After all, inflation may be caused by factors which are beyond the control of monetary authorities. It is for this reason that most countries cite circumstances under which the inflation target may be ignored or requires adjustment.
Dynamic considerations Outside of the simple one-period or static model outlined above, there are important dynamic considerations that may be important in real-world design of vigilance processes.