Le ciblage de l'inflation en univers incertain

Pierre Jaillet and Jean-Paul Pollin

Revue d'économie financière, 2024, vol. N° 153, issue 1, 233-247

Abstract: The recent price shock has sparked a debate on the inflation target, which has been the main pillar of central bank strategies since the 1990s. This article looks first at the theoretical question of the inflation rate before discussing the conditions that justify the choice of a 2% target. It then examines the arguments for and against changing this benchmark, before considering some alternative policy options. The conclusion is that, in all cases, central banks will have to justify the relevance of their policy goals on economic grounds better than they do today. JEL classification: E31, E52, E58.

JEL-codes: E31 E52 E58 (search for similar items in EconPapers)
Date: 2024
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