I interpret this as IMF chief economist Olivier Blanchard saying, as clearly and straightforwardly as his office allows him to, that in his judgment the 2% per year inflation target is past its sell-by date and rotted, and that the North Atlantic economies need to move to a 4% per year inflation target in order … Continue reading IMF Chief Economist Olivier Blanchard Speaks Delphicly on the Appropriate Inflation Target