Leith, Campbell; Moldovan, Ioana; Rossi, Raffaele - European Central Bank - 2009
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ISSN 1725-2806 (online)
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ECB
Working Paper Series No 1076
July 2009
Abstract 4
Non-technical summary 5
1 Introduction 7
2 … habits, nominal inertia, optimal monetary policy
JEL Classification: E30, E57, E61
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ECB
Working Paper Series No 1076 … inertia which has implications for optimal policy, as discussed below.
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ECB
Working Paper Series No 1076
July 2009
inflation …