Dorich, José; Labelle, Nicholas; Lepetyuk, Vadym; … - 2018
benefits of inflation targets above 2 per cent. We evaluate whether an increase in the inflation target to 3 or 4 per cent … in line with the central tendency of estimates, raising the inflation target yields some improvement in macroeconomic … rate, a higher inflation target substantially improves macroeconomic stability regardless of UMP. …