Former Irish governor calls for higher inflation targets

Concerns about consequences of raising targets “overblown”, Honohan says

Patrick Honohan

Central banks in developed economies should raise their inflation targets above their current levels, according to Patrick Honohan, the former governor of the Central Bank of Ireland, and three other experts on monetary policy.

Honohan is joined in his call by Laurence Ball of Johns Hopkins University; Joseph Gagnon, former associate director of the US Federal Reserve; and Signe Krogstrup, who served as associate director and deputy head of monetary policy analysis at the Swiss National Bank.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account