Sell, Friedrich L. - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 101 (2021) 1, pp. 58-62
inflation target policy in the future. The idea is to construct a target zone for the inflation rate. This mechanism would allow … the Fed to violate its own inflation target - possibly more than 2 % in the future - for certain periods, provided it is … committed to compensate for these violations in subsequent periods. The goal, hence, would be to meet the inflation target only …