7  Castelnuovo, Efrem, Sergio Nicoletti-Altimari and Diego Rodriguez Palenzuela (2003). Kohn (2003) notes that the volatility of long-term inflation expectations in the United States has declined and is similar to that of industrial countries, including those that formally target inflation. 8  For example, the model of Erceg and Levin (2003) has that implication.
But, let us not fool ourselves – at the end of the day, the government of Serbia wishes to govern. It is only the excuses which keep changing.