Optimal Inflation weights in the Euro Area

Daniela Bragoli, Massimiliano Rigon, Francesco Zanetti

Research output: Contribution to journalArticle

1 Citation (Scopus)


This study investigates the appropriate measure for stabilizing inflation in the euro area. We use a model that accounts for both the heterogeneity observed in the degree of price rigidities across regions and sectors, and asymmetry of real disturbances in relative prices. Our work shows that the optimal weights to assign to each region or sector result from complex interactions between the degree of price stickiness, economic size, and the distribution of shocks within regions.
Original languageEnglish
Pages (from-to)357-383
Number of pages27
JournalInternational Journal of Central Banking
Publication statusPublished - 2016


  • asymmetric price stickiness
  • asymmetric shocks
  • euro area
  • optimal monetary policy


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