The Taylor Rule would be a good first step in this direction (first posited by John Taylor as a way to set an inflation target that aims to keep the economy at full employment without igniting runaway inflation).

Are you referring to the Threshold Inflation or in a way the potential inflation for any economy. If it is, the simple regression would be enough to achieve this. Usually, GDP growth of the economy is taken as an outcome and the inflation is an explanatory variable. Adequate literature is available in this aspect of monetary economics for both developed and developing economies. The dummy regression keeping some percentage of inflation as threshold and regress. If the coefficient is negative, then we may conclude that the any inflation rate beyond the threshold will effect growth adversely. However, fixing the threshold could be from the empirical studies done by various respective economies Monetary policies committees. 

I would recommend my latest monograph, it covers the different theories of the monetary transmission mechanisms and ways of finetuning the monetary policy. However, generally speaking, Taylor rule and the loss function are the common tools in defining an optimal inflation targeting while minimizing output losses

Book A Historical Retrieval of the Methods and Functions of Monetary Policy