O2 Muu julkaisu
The optimal inflation target: Views from 600 economists
Tekijät: Ambrocio Gene, Ferrero Andrea, Jokivuolle Esa, Ristolainen Kim
Kustantaja: Centre for Economic Policy Research
Julkaisuvuosi: 2022
Sarjan nimi: VoxEU.org
Verkko-osoite: https://cepr.org/voxeu/columns/optimal-inflation-target-views-600-economists
A key question for any inflation-targeting framework is what the inflation target should be. This column reports findings from a survey of leading economists from around the world on the inflation target and related monetary policy issues. Overall, there was a strong preference for the status quo, with participants seeming to perceive high costs in terms of credibility from changing the current inflation target. However, participants concerned about the zero lower bound on the nominal interest rate were more likely to favour raising the target.