Schmitt-Grohé, Stephanie (contributor); … - 2007
-INSEAD Workshop on Monetary Policy Effectiveness, the Banco de la República (in Bogotá,
Colombia), and the Atlanta Fed conference on …
determinacy of equilibrium. Second, optimal monetary policy features a muted response to output. More
importantly, interest rate …, E63
Key words: optimal fiscal and monetary policy, nominal rigidities, optimal inflation volatility, second-
order …