Tesfaselassie, Mewael F. - Institut für Weltwirtschaft (IfW) - 2012
) potential growth. This policy paper discusses the consequence of changes in potential growth for monetary policy performance and … design. The discussion focuses on how the nature of the so-called Phillips curve, which is the hallmark of monetary policy …, changes with changes in potential growth and what this means for designing monetary policy. It puts the discussion in …