What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
asymmetric preferences autocorrelation average inflation deviation banker's loss function Barro and Gordon Canada Sweden United central banker targets central banker's loss central banker's preferences central banker's reaction coefficient conditional expectation conditional variance degrees of freedom deviation from target different from zero distributed chi-square Estimate Robust S.E. Et-int FIML Estimates game-theoretical model inflation and unemployment inflation rate k)Et-iu likelihood function linear linex function marginal cost model of monetary model predicts monetary policy Nash equilibrium natural rate Nobay and Peel nonlinear normally distributed null hypothesis observations optimal inflation target Phillips curve positive deviations public's inflation forecast quadratic loss function quadratic model quadratic preferences Quasi-Maximum Likelihood rate of unemployment rates of inflation rational expectations reaction function reduced-form rejected reported in Table residuals S.E. Estimate Robust serial correlation significance level standard error stationary statistic is distributed Svensson Unemployment Model unemployment rate United Kingdom variance of inflation variance-covariance matrix