Back to matchesWe found a matchYour institution may have access to this item. Find your institution then sign in to continue.TitleThe optimal rate of inflation: an academic perspective.AuthorsSinclair, PeterAbstractExplores five types of imperfections in the economy. Inertia in nominal prices; Need for distorting taxes; Market power for retail banks; Value of the option to cut nominal interest rates in bad times; Menu costs.SubjectsIMPERFECT competition; ECONOMICSPublicationBank of England Quarterly Bulletin, 2003, Vol 43, Issue 3, p343ISSN0005-5166Publication typeArticle