Inflation Targeting Under Asymmetric Preferences /
This paper develops and estimates a game-theoretical model of inflation targeting where the central banker's preferences are asymmetric around the targeted rate. Specifically, positive deviations from the target can be weighted more, or less, severely than negative ones in the central banker�...
| Autore principale: | |
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| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2001.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2001/161 |
| Accesso online: | Full text available on IMF |