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...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1998.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 1998/021 |
| 在線閱讀: | Full text available on IMF |