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Volumn 113, Issue 489, 2003, Pages 657-665

Optimal discretionary monetary policy in a model of asymmetric central bank preferences

Author keywords

[No Author keywords available]

Indexed keywords

CENTRAL BANK; MODEL; MONETARY POLICY; THEORETICAL STUDY;

EID: 0042074663     PISSN: 00130133     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0297.t01-1-00149     Document Type: Article
Times cited : (126)

References (16)
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    • Blinder, A. (1997). 'What central bankers could learn from academics-and vice versa', Journal of Economic Perspectives, vol. 11, pp. 3-19.
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    • Blinder, A.1
  • 3
    • 0031161097 scopus 로고    scopus 로고
    • Central bank preferences and macroeconomic equilibrium
    • Broadbent, B. and Barro, R. (1997). 'Central bank preferences and macroeconomic equilibrium'. Journal of Monetary Economics, vol. 39, pp. 17-43.
    • (1997) Journal of Monetary Economics , vol.39 , pp. 17-43
    • Broadbent, B.1    Barro, R.2
  • 5
    • 0001094779 scopus 로고
    • A theory of ambiguity, credibility, and inflation under discretion and asymmetric information
    • Cukierman, A. and Meltzer, A.H. (1986). 'A theory of ambiguity, credibility, and inflation under discretion and asymmetric information', Econometrica, vol. 54, pp. 1099-128.
    • (1986) Econometrica , vol.54 , pp. 1099-1128
    • Cukierman, A.1    Meltzer, A.H.2
  • 6
    • 0000846761 scopus 로고
    • Modern central banking
    • (F. Capie, C. Goodhart, S. Fischer and N. Schnadt, eds.), Cambridge: Cambridge University Press
    • Fischer, S. (1994). 'Modern central banking', in (F. Capie, C. Goodhart, S. Fischer and N. Schnadt, eds.), The Nature of Central Banking, Cambridge: Cambridge University Press.
    • (1994) The Nature of Central Banking
    • Fischer, S.1
  • 7
    • 0034367317 scopus 로고    scopus 로고
    • Uncovering financial market beliefs about inflation targets
    • Ruge-Murcia, F.J. (2000). 'Uncovering financial market beliefs about inflation targets', Journal of Applied Econometrics, vol. 15, pp. 483-512.
    • (2000) Journal of Applied Econometrics , vol.15 , pp. 483-512
    • Ruge-Murcia, F.J.1
  • 8
    • 84984483814 scopus 로고
    • Screening FOMC members for their biases and dependability
    • Havrilesky, T.M. (1991). 'Screening FOMC members for their biases and dependability', Economics and Politics, vol. 3, pp. 139-49.
    • (1991) Economics and Politics , vol.3 , pp. 139-149
    • Havrilesky, T.M.1
  • 13
    • 0002635004 scopus 로고    scopus 로고
    • Optimal inflation targets "conservative" central banks, and linear inflation contracts
    • Svensson, L. (1997). 'Optimal inflation targets "conservative" central banks, and linear inflation contracts', American Economic Review, vol. 87, pp. 98-114.
    • (1997) American Economic Review , vol.87 , pp. 98-114
    • Svensson, L.1
  • 14
    • 0001892893 scopus 로고
    • A Bayesian approach to real estate assessment
    • (S.E. Feinberg and A. Zellner, eds.), Amsterdam: North Holland
    • Varian, H. (1975). 'A Bayesian approach to real estate assessment', in (S.E. Feinberg and A. Zellner, eds.), Studies in Bayesian Economics in Honour of L.J. Savage, Amsterdam: North Holland, pp. 195-208.
    • (1975) Studies in Bayesian Economics in Honour of L.J. Savage , pp. 195-208
    • Varian, H.1
  • 15
    • 85010796670 scopus 로고
    • Optimal contracts for central bankers
    • Walsh, C.E. (1995). 'Optimal contracts for central bankers', American Economic Review, vol. 85, pp. 150-67.
    • (1995) American Economic Review , vol.85 , pp. 150-167
    • Walsh, C.E.1
  • 16
    • 84950930899 scopus 로고
    • Baysian estimation and prediction using asymmetric loss functions
    • Zellner, A. (1986). 'Baysian estimation and prediction using asymmetric loss functions', Journal of the American Statistical Association, vol. 81, pp. 446-51.
    • (1986) Journal of the American Statistical Association , vol.81 , pp. 446-451
    • Zellner, A.1


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