The Optimal Rate of Inflation

Stephanie Schmitt-Grohe, Martin Uribe

NBER Working Paper No. 16054
Issued in June 2010

---- Acknowledgements -----

This paper was written for the Elsevier/North-Holland Handbook of Monetary Economics, Volume 3, edited by Benjamin M. Friedman and Michael Woodford. We thank Jordi Gali and Pedro Teles for comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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