The "inflation targeting era" began around 1995 [1]. The official story explaing how 2% became an (informal) international standard is kind of interesting [2].

The "inflation targeting era" began around 1995 [1]. The official story explaing how 2% became an (informal) international standard is kind of interesting [2]. [1] https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed/files/pdfs/bullard/remarks/2018/bullard_cfa_chicago_12_sept_2018.pdf https://www.stlouisfed.org/-/media/project/frbstl/stlouisfed... [2] https://www.nytimes.com/2014/12/21/upshot/of-kiwis-and-currencies-how-a-2-inflation-target-became-global-economic-gospel.html https://www.nytimes.com/2014/12/21/upshot/of-kiwis-and-curre...