of forecasts other than the inflation forecast, and the degree of robustness of a desirable target criterion for monetary …

.S. economy estimated in Rotemberg and Woodford (1997). Our main substantive finding is that low and stable inflation together … with stable interest rates can be achieved by letting the funds rate respond positively to inflation while also responding … expected utility to the representative household. Furthermore, when the funds rate responds to inflation only with a delay, due …

of forecasts other than the inflation forecast, and the degree of robustness of a desirable target criterion for monetary …