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Inflation persistence and robust monetary policy design

Coenen, Günter - European Central Bank - 2003

JEL Classification: E31, E52, E58, E61

Persistent link: https://www.econbiz.de/10005227537

Risks to price stability, the zero lower bound and forward guidance: a real-time assessment

Coenen, Günter; Warne, Anders - European Central Bank - 2013

is derived from policy-makers’ preferences about inflation outcomes, we first show that downside risks to price stability … future inflation can provide insurance against the materialisation of such upside risks. JEL Classification: E31, E37, E52, E …

Persistent link: https://www.econbiz.de/10010693493

Persistence, the transmission mechanism and robust monetary policy

Angeloni, Ignazio; Coenen, Günter; Smets, Frank - European Central Bank - 2003

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...

Persistent link: https://www.econbiz.de/10005344927