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Inflation persistence and monetary policy design - an overview Author info | Abstract | Publisher info | Download info | Related research | Statistics Andrew T. Levin () (Federal Reserve Board,Washington, DC 20551 USA )
Richhild Moessner () (Bank for International Settlements, Basel, Switzerland )
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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.
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Paper provided by European Central Bank in its series Working Paper Series with number
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Length: 27 pages
Date of creation: Nov 2005Date of revision:
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Keywords: Inflation persistence ; optimal monetary policy ; uncertainty. ; Other versions of this item:
Find related papers by JEL classification: E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Juan Manuel Julio & Héctor Manuel Zárate, .
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