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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - The central bank inflation bias in the presence of asymmetric preferences and non-normal shocks
AU - Peel, D
AU - Christodoulakis, G
PY - 2009
Y1 - 2009
N2 - We investigate the nature of the inflation bias in a model that exhibits asymmetries in preferences and non–normality in shocks but simplifies to the classic Barro-Gordon problem as a special case. The inflation bias is shown to depend on the trade-off between preference, structural and the scale and shape parameters of the model.
AB - We investigate the nature of the inflation bias in a model that exhibits asymmetries in preferences and non–normality in shocks but simplifies to the classic Barro-Gordon problem as a special case. The inflation bias is shown to depend on the trade-off between preference, structural and the scale and shape parameters of the model.
M3 - Journal article
VL - 29
SP - 1608
EP - 1620
JO - Economics Bulletin
JF - Economics Bulletin
SN - 1545-2921
IS - 3
ER -