>> Read commentary
This article was published as part of the American Prospect's "Great Inflation Myths" series, which developed from PERI's "Global Inflation Today" conference.
PERI Co-Director Robert Pollin and co-author Hanae Bouazza argue that there is no evidence showing that "economies at any level of development consistently experience stronger economic growth when inflation is maintained at less than 3 percent." Instead they find that economies perform better at modestly higher inflation rates.
Read Robert Pollin and Hanae Bouazza's conference paper:
Considerations on Inflation, Economic Growth, and the 2 Percent Inflation Target
