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Olivier Blanchard: It is time to revisit the 2% inflation target

The right goal for central banks in advanced economies such as the US might be 3% a year. Back in 2010, Giovanni Dell’Ariccia, Paolo Mauro and I argued for a 4 per cent target for inflation. At the time, central banks overwhelmingly rejected the idea. The reason was not so much disagreement with the logic, but the perception of a risk that,

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Posted: November 28, 2022 Monday 07:31 AM