(QE), and some observers have also argued that QE helped fuel the post-COVID-19 inflation boom. In this paper, we … reconsider the conditions under which QE may be warranted considering the recent high inflation experience. We emphasize that the … show how QE can provide a sizeable boost to output and inflation in a deep recession and improve the consolidated fiscal …

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …

Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to … target four percent inflation. A four percent target would ease the constraints on monetary policy arising from the zero … cost, because four percent inflation does not harm an economy significantly. …

) has been to raise inflation targets to provide more room for policy rate easing during crises. This paper addresses a … different issue: the relationship between inflation and welfare. The literature is surveyed and a model is developed. A key … conclusion is that an increase in inflation targets gives rise to additional welfare costs, even after the extra room to maneuver …