D1 Article in a professional journal
What academics think of central banks’ current inflation targets and other objectives
Authors: Ambrocio Gene, Ferrero Andrea, Jokivuolle Esa, Ristolainen Kim
Publisher: Centre for Economic Policy Research
Publication year: 2021
Journal: Voxeu.org
Series title: VoxEU.org
Issue: 6.3.2021
Web address : https://voxeu.org/article/what-academics-think-central-banks-current-inflation-targets-and-other-objectives
Central banks often have inflation targets at the centre of their monetary policy regimes. This column presents survey data from 613 leading economists to explore their views on these inflation targets and wider policies within their countries of residence. The results suggest that maintaining the prevailing inflation target (for central banks that have one) has more support than changing it does. But more respondents are pessimistic about central banks’ ability to meet these targets, particularly in the euro area.