Inflation persistence and robust monetary policy design

DOI10.1016/J.JEDC.2005.09.012zbMath1162.91503OpenAlexW3123217066MaRDI QIDQ959724

Günter Coenen

Publication date: 12 December 2008

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp290.pdf

zbMATH Keywords

robustnessrational expectationsinflation persistencestaggered contractsmonetary policy ruleseuro areamacroeconomic modelling

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (3)

Robust inflation-forecast-based rules to shield against indeterminacy ⋮ Robust monetary rules under unstructured model uncertainty ⋮ Robustifying learnability

Cites Work

• A linear algebraic procedure for solving linear perfect foresight models
• Estimation and control of an optimization-based model with sticky prices and wages
• Does trade openness matter for aggregate instability?
• Pooling of forecasts
• The Solution of Linear Difference Models under Rational Expectations
• Inflation Persistence
• Optimal horizons for inflation targeting
• Robust monetary policy with misspecified models: Does model uncertainty always call for attenuated policy?
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