that allows the shape of forecasters' loss function to be studied. The shape of forecasters' loss function may be … consistent with a symmetric or an asymmetric loss function. We find that an asymmetric loss function often (but not always) makes …

economy in a continuous form. By introducing a quadratic loss function commonly used in New Keynesian Economics we get optimal … instead of loss function. The comparison of the solutions of both models will be demonstrated in examples in which the main …

economy in a continuous form. By introducing a quadratic loss function commonly used in New Keynesian Economics we get optimal … instead of loss function. The comparison of the solutions of both models will be demonstrated in examples in which the main …

uncover members' implicit loss function. Our key finding is that the loss function of FOMC members is asymmetric: FOMC members … underlined by our second result: forecasts remain biased even after accepting an asymmetric loss function. …

The consistent ranking of multivariate volatility models by means of statistical loss function is a challenging … models to be ranked and the kind of loss function. The existent works only consider the ranking of multivariate GARCH (MGARCH … loss function. The evaluation of the volatility models through the economic loss function is usually done by looking at the …

that allows the shape of forecasters’ loss function to be studied. The shape of forecasters’ loss function may be … consistent with a symmetric or an asymmetric loss function. We find that an asymmetric loss function often (but not always) makes …