125-145; Coenen, G. (2007), “Inflation persistence and robust monetary policy design”, Journal of Economic Dynamics and Control, Vol. 31, No 1, pp. 111-140; and Reinhart, V. (2003), “Making monetary policy in an uncertain world”, Proceedings – Economic Policy Symposium – Jackson Hole, Federal Reserve Bank of Kansas City. 21.
As Bob Solow famously said, just before the increase in productivity growth of 1996–2003, “the computer is everywhere except in the growth data.” And there are serious researchers who have made serious arguments that we will soon be seeing more rapid growth in the productivity data.