Adam, Klaus (contributor); Billi, Roberto M. (contributor) - 2004
not necessarily reflect those of the European Central Bank.
3 Center for Financial Studies,Taunusanlage 6, 60329 … for dealing with similar policy problems
should they reemerge in the future.
This paper studies optimal monetary policy … studies, however, suggest that infla-
tion is at least partly determined by lagged inflation rates, e.g. Galí and Gertler …