Monetary policy loss functions: two cheers for the quadratic
Jagjit Chadha () and
Bank of England working papers from Bank of England
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.
New Economics Papers: this item is included in nep-cba and nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (8) Track citations by RSS feed
Downloads: (external link)
http://www.bankofengland.co.uk/archive/Documents/h ... apers/1999/wp101.pdf (application/pdf)
Working Paper: Monetary Policy Loss Functions: Two Cheers for the Quadratic (1999)
Working Paper: Monetary policy loss functions: two cheers for the quadratic
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:boe:boeewp:101
Access Statistics for this paper
More papers in Bank of England working papers from Bank of England Bank of England, Threadneedle Street, London, EC2R 8AH. Contact information at EDIRC.
Series data maintained by Digital Media Team ().