The Optimal Rate of Inflation
By Stephanie Schmitt-Grohé, Martin Uribe. 2010
192 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/95eb582f0918e2c7937e7e37119d5b86008b00f1
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In Economics and Econometrics
- Y. Gorodnichenko
- Olivier Coibion
- Argia M. Sbordone
- G. Ascari
- Alejandro Justiniano
- J. Wieland
- Andrea Tambalotti
- V. Ramey
Citations in the corpus
- The Optimal Inflation Rate in New Keynesian Models: Should Central Banks Raise Their Inflation Targets in Light of the Zero Lower Bound? (2012, methodology): “Because our model is that of a cashless economy, this cost of inflation is absent, but would tend to lower the optimal rate of inflation even further, as emphasized by Khan, King and Wolman (2003), Schmitt-Grohe and Uribe (2007, 2010) and Aruoba and Schorfheide (2011).”
- The Macroeconomics of Trend Inflation (2014, background): “Stock and Watson (2007) provide evidence that the dynamics of inflation have been largely dominated by the trend component. Their analysis focuses on the forecastability of inflation. They use a split-sample analysis, in which the split is set around the beginning of the second term of Volcker’s cha”
- Optimal Monetary Stabilization Policy (2010, background): “37) around the steady-state values of all variables, and finding a bounded solution of the resulting system of linear equations.(56) Let us begin with the implications of the linearized structural relations.”
- Is there a trade-off between inflation and output stabilization? (2013, background): “This indexation scheme implies no price dispersion in steady state: Therefore, the level of is inconsequential for welfare, which allows us to abstract from the challenging question of the optimal level of in ation (see Schmitt-Grohe and Uribe (2010) for a recent survey.)”