While it is true that multiple policy targets tend to increase the political sensitivity of central banks’ decisions, concentrating only on price stability also has important distributional consequences and political implications. In fact, politicization is a matter of scale, not a substantive transformation of monetary policymaking.
但这一论调忽略了一个要点。诚然，多重政策目标会增加央行决策的政治敏感性，但只关注价格稳定也具有重要的分配后果和政治影响。事实上，政治化是一个规模问题，而不是货币决策的重大变化。