A concern that one might have about price-level targeting, as opposed to more conventional inflation targeting, is that it requires a short-term inflation rate that is higher than the long-term inflation objective. Is there not some danger of inflation overshooting, so that a deflation problem is replaced with an inflation problem?
Around the world, authorities are increasingly turning to the task of developing appropriate supervisory processes and frameworks to monitor and implement Financial Consumer Protection regulation effectively. This being said, undertaking Financial Consumer Protection supervision can be a daunting task given the wide range of financial products, providers, and issues to be considered, combined with limited supervisory capacity and resources.