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Media type:
Report;
E-Book
Title:
The case for four percent inflation
Contributor:
Ball, Laurence M.
[Author]
Published:
Baltimore, MD: The Johns Hopkins University, Department of Economics, 2013
Language:
English
Origination:
Footnote:
Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen.
Description:
Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to target four percent inflation. A four percent target would ease the constraints on monetary policy arising from the zero bound on interest rates, with the result that economic downturns would be less severe. This benefit would come at minimal cost, because four percent inflation does not harm an economy significantly.