Monetary policy loss functions: two cheers for the quadratic
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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- repec:cup:etheor:v:13:y:1997:i:6:p:808-17 is not listed on IDEAS Full references (including those not matched with items on IDEAS)
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