abilities to control the economy. Simultaneously, a literature review shows that the movements are toward using asymmetric loss … function. Therefore, we utilize this function in the standard monetary approach. The results proved that both central bank …

policy problem under an asymmetric loss function corresponding to the "opportunistic approach" to disinflation and a convex … unemployment. For parameter values relevant to the U.S., it is found that the asymmetric loss function yields an average inflation …-maker preferences, the asymmetric loss function also yields a smaller gap between average unemployment and the natural rate, and higher …

policy problem under an asymmetric loss function corresponding to the "opportunistic approach" to disinflation and a convex … unemployment. For parameter values relevant to the U.S., it is found that the asymmetric loss function yields an average inflation …-maker preferences, the asymmetric loss function also yields a smaller gap between average unemployment and the natural rate, and higher …

policy problem under an asymmetric loss function corresponding to the "opportunistic approach" to disinflation and a convex … unemployment. For parameter values relevant to the U.S., it is found that the asymmetric loss function yields an average inflation …-maker preferences, the asymmetric loss function also yields a smaller gap between average unemployment and the natural rate, and higher …