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...
| मुख्य लेखक: | |
|---|---|
| स्वरूप: | पत्रिका |
| भाषा: | English |
| प्रकाशित: |
Washington, D.C. :
International Monetary Fund,
1998.
|
| श्रृंखला: | IMF Working Papers; Working Paper ;
No. 1998/021 |
| ऑनलाइन पहुंच: | Full text available on IMF |