The ECB had kept inflation at 2% a year, in line with its target (below but close to 2%)—and its record in Germany had been better than that of the Bundesbank over similar stretches of time.
A credible inflation target of 2 or 3 per cent, maintained over a credibly long period of time, is useful.
在相当长的一段时期内,维持2%或3%这种可靠的通胀率目标,是有用的。
3
Overtime, Cusumano notes, most product companies evolve into hybrid or service companies as their products saturate target markets and lower-priced substitutes become available.