How Low Must Inflation Go?
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Opinion | Wonking Out: How Low Must Inflation Go?
https://www.nytimes.com/2023/06/09/opinion/inflation-target-2-percent.html
Should it be 2 percent or bust? Probably not.
https://www.nytimes.com/2023/06/09/opinion/inflation-target-2-percent.html
Should it be 2 percent or bust? Probably not.
Thanks! You rock.
Looks like it's mostly just an explanation of why the heck we have inflation targets in the first place.
I did not know that the practice started in New Zealand, TIL.
Yeah it's a bizarre story to have tiny country pick an arbitrary target and then having it get picked up with little scrutiny by the most powerful institutions in the world.