Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/152973
Authors: 
Levin, Andrew T.
Moessner, Richhild
Year of Publication: 
2005
Series/Report no.: 
ECB Working Paper 539
Abstract: 
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.
Subjects: 
Inflation persistence
optimal monetary policy
uncertainty
JEL: 
E52
E58
Document Type: 
Working Paper

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