12 The analytical case for a point objective Nevertheless, while a "comfort zone" approach may seem appealing, analytical considerations reveal some disadvantages of that approach as well as some significant benefits of specifying and maintaining a point objective for inflation. The pitfalls of comfort zones In particular, I would like to highlight three specific pitfalls associated with the "comfort zone" approach. Confusion about objectives.
First, when the price stability objective is formulated in terms of an acceptable range of inflation outcomes, the policy implications may be difficult to interpret. For example, if the comfort zone spans a range from 1 to 2 percent, does that mean that policymakers are equally comfortable with inflation rates of 1.1 percent and 1.9 percent?