Monetary Policy with a Convex Phillips Curve and Asymmetric Loss /
Recent theoretical and empirical work has cast doubt on the hypotheses of a linear Phillips curve and a symmetric quadratic loss function underlying traditional thinking on monetary policy. This paper analyzes the Barro-Gordon optimal monetary policy problem under alternative loss functions-includin...
| מחבר ראשי: | |
|---|---|
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| סדרה: | IMF Working Papers; Working Paper ;
No. 1998/021 |
| גישה מקוונת: | Full text available on IMF |