Inflation Persistence and Optimal Monetary Policy in the Euro Area

Pierpaolo Benigno · J. David López‐Salido

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Monetary Policy and Economic Impact Economic theories and models European Monetary and Fiscal Policies

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Centro de Informacion y Documentacion Cientifica (CINDOC). C/Joaquin Costa, 22. 28002 Madrid. SPAIN / CINDOC - Centro de Informaciòn y Documentaciòn Cientìfica

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References

2005INTEREST AND PRICES: FOUNDATIONS OF A THEORY OF MONETARY POLICY 1996Staggered Prices in a Utility-Maximizing Framework 1999Inflation dynamics: A structural econometric analysis 1980Aggregate Dynamics and Staggered Contracts 2000Optimal monetary policy with staggered wage and price contracts 1997An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy 1992International Real Business Cycles 1999Monetary Policy Rules

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2006Inflation Persistence and Price-Setting Behaviour in the Euro Area - a Summary of the Ipn Evidence 2003Background studies for the ECB's evaluation of its monetary policy strategy 2007Estimates of the Open Economy New Keynesian Phillips Curve for Euro Area Countries 2010Openness, Imperfect Exchange Rate Pass-Through and Monetary Policy 2004Testing for the New Keynesian Phillips Curve. Additional international evidence 2009Comovements and heterogeneity in the euro area analyzed in a non‐stationary dynamic factor model

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