Also, US pension funds have shifted much more risk towards their participants while the Dutch pension system provides its participants with a relatively high degree of certainty on the expected pension benefits. Within the class of funded US pension benefits, we primarily need to distinguish between two cases.
2.3  … and price stability remains the primary objective of monetary policy  Against this background, monetary policy and its tools must remain focused on price stability and should not be overburdened with other objectives. In fact, the credibility of monetary policy depends not only on the clarity of its objectives but also on transparency regarding its limitations.