Inflation persistence and monetary policy design: an overview

How monetary policy should be set optimally when the structure of the economy exhibits inflation persistence is an important question for policy makers. This paper provides an overview of the implications of inflation persistence for the design of monetary policy. JEL Classification: E52, E58

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Year of publication:	2005-11
Authors:	Levin, Andrew T. ; Moessner, Richhild
Institutions:	European Central Bank
Subject:	Inflation persistence \| optimal monetary policy \| uncertainty

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 0539
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005530971