The Optimal Inflation Rate in New Keynesian Models
NBER Working Paper No. 16093
---- Acknowledgements ----
We are grateful to Roberto Billi, Ariel Burstein, Gauti Eggertsson, Jordi Gali, Marc Gianonni, Christian Hellwig, David Romer, Eric Sims, Alex Wolman, and seminar participants at John Hopkins University and NBER Summer Institute in Monetary Economics and Economic Fluctuations and Growth for helpful comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.