…inflation runs below target, the inflation target in the policy rule would be raised to guide inflation to a higher level above the target. Thus the inflation target in the…

…an inflation target. First, the equation for a NGDP target. NGDP target, Nt = real rate of output growth, Lr + desired long-run average core inflation target, Ct Nt =…

…inflation target… and the inflation target then becomes variable depending upon the how labor share changes in the economy. Remember, it was once thought that labor share was pretty constant….

…in the next business cycle. Corporations are going to fight tooth and nail against the 4% inflation target. What about a 2% inflation target? Actually a 2% inflation target feeds…

…supports a higher target. (please do click those links). It is obvious that Volcker accepted 4% inflation not because that was his target (such a target is, to quote Volcker,…

…targeting. The struggle to meet rising food and energy prices is hard enough. The weaker economy and higher unemployment that inflation targeting brings won’t have much impact on inflation; it…

SWI swissinfo.ch Switzerland exceeded its voluntary gas savings target this winter. Compared to average consumption between 2017 and 2022, the target was to reduce gas consumption by 15%. However, according…

…8%! So instead of a 4% inflation target, it could be better for the Fed to shoot for a 4% target in the net profit rate. Comments below please…  …

…of a target below an unrealistic average growth rate of 5 percent annually” (Schmelzer, p. 175). Nevertheless, the U.S. delegation was determined to announce an OECD growth target as a…

…easier as that longer-run unfolds. Basically, if the long-run level of unemployment, which the Fed targets implicitly under their dual mandate (maximum sustainable employment and stable prices), is changing then…