The Case for a Long-Run Inflation Target of Four Percent /
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 downtur...
| 第一著者: | |
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| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2014.
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| シリーズ: | IMF Working Papers; Working Paper ;
No. 2014/092 |
| オンライン･アクセス: | Full text available on IMF |