Accepted at @JIntlEcon! What’s the optimal inflation rate? We know surprisingly little. Structural models provide a relatively wide range of estimates. In our new paper (w/ @LukasHack_ & N. Potrafke), we ask economic experts globally what inflation rate they consider optimal. 🧵

Inflation preferences also shape how experts judge monetary policy. Three months later, experts who preferred higher inflation evaluated rate hikes more negatively—and rate cuts more positively.