The optimal output target and degree of banker conservativeness in a model with a non-linear Phillips curve

P. Morgan and David Peel

Applied Economics Letters, 2003, vol. 10, issue 6, 323-330

Abstract: The purpose in this article is to investigate the implications of a non-linear supply curve for the standard discretionary inflation outcome obtained when the central bank has quadratic preferences. Some implications for the optimal output target and degree of conservativeness of the central banker are derived.

Date: 2003
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DOI: 10.1080/13504850210161896

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