01469cas a2200241 a 4500 AALejournalIMF014450 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498395601 1018-5941 BD-DhAAL BD-DhAAL Ball, Laurence. The Case for a Long-Run Inflation Target of Four Percent / Laurence Ball. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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 bound on interest rates, with the result that economic downturns would be less severe. This benefit would come at minimal cost, because four percent inflation does not harm an economy significantly. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2014/092 Full text available on IMF http://elibrary.imf.org/view/journals/001/2014/092/001.2014.issue-092-en.xml IMF e-Library