The two sets of policies are, of course, bound to interact; but Caruana argues that it is wrong to say that we know too little about financial instability to be able to act in a preemptive way. We know as much about bubbles as we do about inflation, Caruana argues, and central banks’ need to move interest rates for reasons other than the short-term control of consumer-price trends should be explicitly recognized.
两套政策势必出现交集；但卡鲁阿纳反对那些觉得我们对金融动荡了解太少以致无力预先行动的观点。他认为我们对泡沫的认知跟通货膨胀一样多，同时应该明确认定央行调整利率的理由不能仅限于短期控制消费价格走势等目标。