Optimal monetary policy with asymmetric preferences for output

C-Tier
Journal: Economics Letters
Year: 2012
Volume: 117
Issue: 3
Pages: 654-656

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We extend Ruge-Murcia (2003, 2004) to weigh inflation and output and show that empirical evidence supports an asymmetric preference hypothesis for output. We also find evidence that the monetary authority targets potential output in parallel to Barro and Gordon (1983).

Technical Details

RePEc Handle
repec:eee:ecolet:v:117:y:2012:i:3:p:654-656
Journal Field
General
Author Count
3
Added to Database
2026-01-25