IMF Musings Can Higher Inflation Be a Good Thing?

The chief economist for the International Monetary Fund, Olivier Blanchard, recently argued that Western economies should accept inflation rates of up to 4 percent. State meddling in the economy may not be such a bad thing either, he argues. Leading economists are unimpressed.
Von Christoph Pauly und Gabor Steingart
Olivier Blanchard, chief economist at the International Monetary Fund, says a bit more inflation may not be such a bad thing.

Olivier Blanchard, chief economist at the International Monetary Fund, says a bit more inflation may not be such a bad thing.

Foto: epa Michael Reynolds/ picture-alliance/ dpa
Translated from the German by Ella Ornstein
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