Browsing Faculté des arts et des sciences – Département de sciences économiques by Subject "déflation"
Now showing items 1-1 of 1
-
A Prudent Central Banker
(Université de Montréal. Département de sciences économiques., 2001)This paper studies monetary policy in an economy where the central banker's preferences are asymmetric around optimal inflation. In particular, positive deviations from the optimum can be weighted more, or less, severely than negative deviations in the ...