Macroeconomics: UK economy, IB Economics

Whither inflation - and in this article whither inflation policy - this article looks at a number of measures that the Bank of England and government might take, including wage and price controls.

However, it stops short of considering altering the inflation target. You might ask why it is that we have a 2% inflation target, and whether a 2.5% or 3% target might be more appropriate.