Munich Personal RePEc Archive
metadata only
Inflation persistence and optimal positive long-run inflation
Within New Keynesian economics, the optimality of a monetary policy that aims at zero inflation is surprisingly robust. Optimal monetary policy has this character despite the inefficiency of the nonstochastic steady state and despite the existence of a positively sloped long-run Phillips-curve trade
Conceptio Open Archive
Analyze & explore related research in Conceptio
Connect this record directly into your research workflow or AI agent. Explore citations across open repositories, query full text, and export structured proof bundles.
This document is indexed with metadata only: full text is not available in the archive for this record. Open the official source ↗
Related documents
- Optimal Time-Consistent Monetary Policy in a Phillips Curve World#942292
- Testing the New Keynesian Phillips curve through Vector Autoregressive models: Results from the Euro area#1274945
- Estimating a New Keynesian Phillips Curve with a Corrected Measure of Real Marginal Cost: Evidence in Japan#1276051
- Testing the New Keynesian Phillips curve through Vector Autoregressive models: Results from the Euro area#1274579
- Derivation and Estimation of a Phillips Curve with Sticky Prices and Sticky Information#1276280
Record · ID 1275606
Retrieved via Conceptio: every document is proof-bundled with source, license, and retrieval metadata.
Retrieved via Conceptio: every document is proof-bundled with source, license, and retrieval metadata.
Bring this data into your agent: Connect via MCP or API · 20 free credits to start · no card required
Read the Docs → · View CLI source on GitHub · Conceptio Open Knowledge Archive
Read the Docs → · View CLI source on GitHub · Conceptio Open Knowledge Archive