The framework in Australia was adaptable from the start, which caused some issues in convincing some people of the seriousness with which the Reserve Bank was adopting an appropriate monetary framework. While the specification of the regime has not materially changed, one thing that has changed is the degree of confidence that the regime might actually work.
Jorgovanka Tabaković: Overview of developments in the Serbian economy Introductory address by Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, at the presentation of the Inflation Report – May 2014, Belgrade, 14 May 2014.