The Economics of Money and Banking Chapter 10 Monetary Policy 》》 Four Targets of Monetary Policy 1 Economic growth:the growth of a nation's GDP Targets of Monetary Price stability:the stability of currency value and control of inflation without any great change of the price level within a certain period Full employment people who are able and willing to work can find Policy suitable jobs at the present wage level. Balance of payment equilibrium 4 GUO YING SEM TONGJI UNIVERSITYThe Economics of Money and Banking 4 GUO YING SEM TONGJI UNIVERSITY 1 Four Targets of Monetary Policy  Economic growth: the growth of a nation’s GDP  Price stability: the stability of currency value and control of inflation without any great change of the price level within a certain period Full employment : people who are able and willing to work can find suitable jobs at the present wage level.  Balance of payment equilibrium Targets of Monetary Policy Chapter 10 Monetary Policy