Thus, given PCE inflation of about 1-1/2 percent to 2 percent, the “true” inflation rate faced by consumers might well be less than 1 percent. 4  BIS Review 140/2007  "the (properly measured) long-run inflation rate that best promotes the dual mandate is likely to be low but not zero."
You must go beyond the title of the reform package that we have announced; they can be called stimulus packages because that is what the IMF has called all countries, which have the fiscal space to do so, to launch to be able to shore up the economy while waiting for the global recovery.