EconPapers has moved to http://EconPapers.repec.org! Please update your bookmarks.
Persistence, the transmission mechanism and robust monetary policy
Ignazio Angeloni () and
Frank Rafael Smets
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: Persistence; transmission process; monetary policy; euro area. (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc Citations View citations in EconPapers (34) Track citations by RSS feed
Downloads: (external link) http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp250.pdf (application/pdf)
Related works: Journal Article: Persistence, The Transmission Mechanism And Robust Monetary Policy (2003) Working Paper: 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
Ordering information: This working paper can be ordered from Press and Information Division, European Central Bank, Kaiserstrasse 29, 60311 Frankfurt am Main, Germany
Access Statistics for this paper
More papers in Working Paper Series from European Central Bank
Address: Postfach 16 03 19, Frankfurt am Main, Germany Contact information at EDIRC. Series data maintained by Official Publications ().