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| Tekijä: | Nobay, A.R. Peel, D.A. |
| Otsikko: | Optimal discretionary monetary policy in a model of asymmetric central bank preferences |
| Lehti: | Economic Journal
2003 : JUL, VOL. 113:489, p. 657-665 |
| Asiasana: | Central banks Monetary policy |
| Kieli: | eng |
| Tiivistelmä: | Optimal monetary policy is considered in the context of the central bank adopting an asymmetric funcion. The results show that under asymmetric preferences, many of the extant results on the time consistency problem need no longer hold. |
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