Annicchiarico, Barbara; Rossi, Lorenza - Dipartimento di Scienze Economiche e Aziendali, … - 2012
) disinflationary monetary policies entail positive effects on growth; (iii) the optimal long-run inflation rate is zero; (iv) the … Ramsey dynamics implies deviation from full inflation targeting in response to technology and government spending shocks; (v …) the optimal operational rule is backward looking and responds to inflation and output deviations from their long …
