Optimal Discretionary Monetary Policy in A Model of Asymmetric Central Bank Preferences  

Oleh:

Nobay, A. Robert ; Peel, David A.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 113 no. 489 (2003), page 657-665.
Topik: MONETARY POLICY; monetary policy; asymmetric; central bank
Fulltext: 657.pdf (80.18KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.11 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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This paper considers optimal monetary policy in the context of the central bank adopting an asymmetric objective function. Our results show that under asymmetric preferences, many of the extant results on the time consistency problem need no longer hold.

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