Money Growth Targets Have Been Abandoned in Australia in Favour

Multiple Choice

Money growth targets have been abandoned in Australia in favour of an inflation target because:

A) it is easier and transparent to communicate to the general public about a change in monetary policy.
B) there is no tight relation between monetary aggregate growth and inflation.
C) inflation targeting makes good sense in the medium run while allowing for output stabilisation in the short run.
D) All of the above.
E) Both A and C.