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Inflation targeting and nonlinear policy rules : the case of asymmetric preferences : presented at CESifo Venice Summer Institute, Workshop on the Revival of Aggregate Demand Management Policies: back to Keynes?, July 2004

Surico, Paolo - 2004

This paper investigates the empirical relevance of a new framework for monetary policy analysis in which the decision-makers are allowed to weight differently positive and negative deviations of inflation and output from the target values. Reduced-form and structural estimates of the central...

Persistent link: https://www.econbiz.de/10011450850

Inflation targeting and nonlinear policy rules : the case of asymmetric preferences ; presented at CESifo Venice Summer Institute, workshop on the Revival of Aggregate Demand Management Policies: back to Keynes?, July 2004 / Paolo Surico

Surico, Paolo - 2004

Persistent link: https://www.econbiz.de/10002388684