Puerto Lempira Puerto Lempira Puerto Lempira is the capital of the Gracias a Dios department in northeastern Honduras, located on the shores of the Caratasca Lagoon. Though it does not have paved roads, it is the largest town in the La Mosquitia region. The town is named for the 16th century leader of the indigenous Lenca peoples, Lempira, who directed an ultimately unsuccessful resistance against the Spanish "conquistador" forces in the 1530s. Puerto Lempira became the departmental capital in 1975, prior to which it was Brus Laguna. In the 1980s, the town became a centre for CIA operations against the Sandinistas. Its
History of monetary policy in the United States the outcomes, if not the process, of monetary policy more transparent. In other words, a central bank may have an inflation target of 2% for a given year, and if inflation turns out to be 5%, then the central bank will typically have to submit an explanation. The Bank of England exemplifies both these trends. It became independent of government through the Bank of England Act 1998 and adopted an inflation target of 2.5% RPI (now 2% of CPI). The debate rages on about whether monetary policy can smooth business cycles or not. A central conjecture of Keynesian economics is