Aguilera Bravo, AsierCasares Polo, Miguel2020-04-172021-12-0120190165-176510.1016/j.econlet.2019.108734https://academica-e.unavarra.es/handle/2454/36736This paper computes the steady-state optimal rate of inflation in a model with monopolistic competition under two different sticky-price specifications, Calvo (1983) and Taylor (1980).The optimal rate of inflation is positive and almost identical to the ratio between the rate of discount and the Dixit-Stiglitzelasticity.8 p.application/pdfeng© 2019 Elsevier B.V. This manuscript version is made available under the CC-BY-NC-ND 4.0.Monopolistic competitionSticky pricesOptimal inflationinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/openAccess