Arbeitspapier
The case for four percent inflation
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 607
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Ball, Laurence M.
- Event
-
Veröffentlichung
- (who)
-
The Johns Hopkins University, Department of Economics
- (where)
-
Baltimore, MD
- (when)
-
2013
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ball, Laurence M.
- The Johns Hopkins University, Department of Economics
Time of origin
- 2013
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