Optimal monetary policy with a nonlinear Phillips curve

DOI10.1016/S0165-1765(99)00265-7zbMath0945.91046OpenAlexW2102486753MaRDI QIDQ1978563

David A. Peel, A. R. Nobay

Publication date: 4 June 2000

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0165-1765(99)00265-7

zbMATH Keywords

optimal monetary policyinflation biasnonlinear Phillips curve

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Related Items (8)

A loss function approach to model specification testing and its relative efficiency ⋮ Capacity constraints, idiosyncratic demand uncertainty and the dynamics of inflation ⋮ Modeling changes in US monetary policy with a time-varying nonlinear Taylor rule ⋮ Optimal forecast combinations under general loss functions and forecast error distributions ⋮ An optimal control problem of monetary policy ⋮ The inflation aversion of the Bundesbank: A state space approach ⋮ Chaotic dynamics in optimal monetary policy ⋮ Moment-based estimation of smooth transition regression models with endogenous variables

Cites Work

• Bayesian Estimation and Prediction Using Asymmetric Loss Functions
• Nonlinear time series analysis of economic and financial data

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