S5 Ep8: A positive inflation target for the euro area

25/02/2022 12 min Temporada 5 Episodio 8
S5 Ep8: A positive inflation target for the euro area

Listen "S5 Ep8: A positive inflation target for the euro area"

Episode Synopsis

Inflation reduces economic welfare by distorting demand. But what is the inflation rate that minimises these distortions? Maybe it's a lot higher than our models assume, Klaus Adam tells Tim Phillips.