These ideas, combined with effective policy practice like that of the US Federal Reserve under Paul Volcker’s chairmanship, led many countries worldwide toward more explicit inflation targeting, in which central banks stabilize inflation expectations by making a credible commitment to a predetermined rate of price growth. By the 1990’s, inflation was old news in the advanced economies, with much of the developing world soon to follow.
这思想与有效政策实践（比如保罗·沃克尔（Paul Volcker）任主席期间美联储的政策）一起，让很多国家制定了更明确通胀目标——央行通过可信承诺预先确定价格增长率，以此稳定通胀预期。20世纪90年代，通胀已不再是发达经济体的新闻，很多发展中国家也随之跟进。