Search Results - subject:"Loss function"

Measuring technical efficiency under variable returns to scale using Debreu's loss function

Díaz-Hernández, Juan José; Cova-Alonso, David-José; … - In: European journal of operational research : EJOR 323 (2025) 3, pp. 975-987

Persistent link: https://www.econbiz.de/10015432958

Pro-cyclical emissions, real externalities, and optimal monetary policy

Giovanardi, Francesco; Kaldorf, Matthias - 2025

We study optimal monetary policy in an analytically tractable New Key-nesian DSGE-model with an emission externality. Empirically, emissions are strongly pro-cyclical and output in the flexible price equilibrium overreacts to productivity shocks, relative to the efficient allocation. At the same...

Persistent link: https://www.econbiz.de/10015326418

ECB's evolving communication and policy preferences since 2021 strategy review

Haavio, Markus; Heikkinen, Joni; Jalasjoki, Pirkka; … - 2025

integrating these tone indices with real-time data from monetary policy meetings, we directly estimate the ECB's loss function …

Persistent link: https://www.econbiz.de/10015331353

One who hesitates is lost: Monetary policy under model uncertainty and model misspecification

Ajevskis, Viktors - In: Economies 13 (2025) 2, pp. 1-18

This paper investigates how different parametrisations of the monetary policy reaction function and different mechanisms of expectation formation shape the macroeconomic outcomes in the estimated Smets-Wouters type of DSGE model. The initial macroeconomic conditions of the simulations correspond...

Persistent link: https://www.econbiz.de/10015469567

Loss functions in regression models : impact on profits and risk in day-ahead electricity trading

Serafin, Tomasz; Weron, Rafał - In: Energy economics 148 (2025), pp. 1-9

Persistent link: https://www.econbiz.de/10015606675

Pro-cyclical emissions, real externalities, and optimal monetary policy

Giovanardi, Francesco; Kaldorf, Matthias - In: European economic review : EER 179 (2025), pp. 1-33

Persistent link: https://www.econbiz.de/10015583437

Macro welfare effects of flexible labor contracts

Carreño, José; Uras, Burak - In: European economic review : EER 161 (2024), pp. 1-17

Persistent link: https://www.econbiz.de/10015075947

Dissatisfaction-considered waiting time prediction for outpatients with interpretable machine learning

Shin, Jongkyung; Lee, Donggi Augustine; Kim, Juram; … - In: Health care management science : a new journal serving … 27 (2024) 3, pp. 370-390

Persistent link: https://www.econbiz.de/10015079874

Reading between the lines : uncovering asymmetry in the central bank loss function

Haavio, Markus; Heikkinen, Joni; Jalasjoki, Pirkka; … - 2024

the loss function. We find strong and robust evidence of asymmetry in the case of the European Central Bank during 1999 …-2021: the slope of the loss function was roughly three times steeper when inflation exceeded the target compared to when it was … below the target. This represents a significant departure from the quadratic and symmetric monetary policy loss function …

Persistent link: https://www.econbiz.de/10014548069

Testing Granger non-causality in expectiles

Bouezmarni, Taoufik; Doukali, Mohamed; Taamouti, Abderrahim - In: Econometric reviews 43 (2024) 1, pp. 30-51

Persistent link: https://www.econbiz.de/10014486380