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Monetary policy loss functions: two cheers for the quadratic Author info | Abstract | Publisher info | Download info | Related research | Statistics Jagjit Chadha
Philip Schellekens
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The implications for optimal monetary policy of relaxing the normal assumption of a quadratic loss function are examined. Several alternative specifications are considered, but the results suggest that the convenient assumption of quadratic losses may not be that drastic.
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Paper provided by Bank of England in its series Bank of England working papers with number
101.
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Paper Schellekens, P. & Chadha, J.S., 1999.
"Monetary Policy Loss Functions: Two Cheers for the Quadratic ,"
Cambridge Working Papers in Economics
9920, Faculty of Economics, University of Cambridge.
[Downloadable!] Chadha J. & Schellekens Ph., 1999.
"Monetary policy loss functions: two cheers for the quadratic ,"
Working Papers
1999002, University of Antwerp, Faculty of Applied Economics.
[Downloadable!] This paper has been announced in the following NEP Reports :
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Computing in Economics and Finance 2004
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CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!] Paolo Surico, 2004.
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Econometric Society 2004 Latin American Meetings
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"Nonlinear Phillips Curves, Mixing Feedback Rules and the Distribution of Inflation and Output ,"
CEIS Research Paper
37, Tor Vergata University, CEIS.
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Other versions: Corrado, L. & Holly, S., 2000.
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0019, Faculty of Economics, University of Cambridge.
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Hyeon-seung Huh & Hyun Lee & Namkyung Lee, 2009.
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Empirical Economics ,
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Xavier Debrun, 2000.
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Open Economies Review ,
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Feldkord, Eva-Ulrike, 2005.
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Discussion Paper Series
26343, Hamburg Institute of International Economics.
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Simone Casellina & Mariacristina Uberti, 2008.
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Computational Economics ,
Springer, vol. 32(1), pages 183-198, September.
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Mirco Soffritti & Francesco Zanetti, 2008.
"The advantage of tying one's hands: revisitedThis paper represents the views and analysis of the author and should not be thought to represent
,"
International Journal of Finance & Economics ,
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Simon Hall & Chris Salmon & Tony Yates & Nicoletta Batini, .
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