Seminar Papers, Institute for International Economic Studies, Stockholm University
Optimal Monetary Policy Inertia
Keywords: commitment; discretion; interest-rate smoothing; monetary policy rules; forward-looking models; natural rate of interest; (follow links to similar papers)
JEL-Codes: E52; (follow links to similar papers)
112 pages, November 3, 2000
A later version of the paper is also available as NBER working paper no. 7261, July 1999, and at the author's web page at www.princeton.edu/~woodford.
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