Persistence, the transmission mechanism and robust monetary policy
Ignazio Angeloni (),
Günter Coenen () and
No 250, Working Paper Series from European Central Bank
In this paper we first explore the impact of nominal and real persistence on the transmission process of various shocks in an estimated DSGE model of euro area. We then analyse its impact on optimal monetary policy and investigate the performance of various monetary policies when the policy maker is uncertain about the degree of nominal and real persistence. JEL Classification: E4, E5
Keywords: euro area; monetary policy; Persistence; transmission process (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (39) Track citations by RSS feed
Downloads: (external link)
Journal Article: Persistence, The Transmission Mechanism And Robust Monetary Policy (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:ecb:ecbwps:20030250
Access Statistics for this paper
More papers in Working Paper Series from European Central Bank
Address: 60640 Frankfurt am Main, Germany
Contact information at EDIRC.
Series data maintained by Official Publications ().