Inflation persistence and monetary policy design: an overview

Andrew Levin () and Richhild Moessner

No 539, Working Paper Series from European Central Bank

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. JEL Classification: E52, E58

Keywords: inflation persistence; optimal monetary policy; uncertainty (search for similar items in EconPapers)
Date: 2005-11
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Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:2005539

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