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  • Nonlinear Monetary Policy Rules: Some New Evidence for the U.S. 

    Dolado, J.J.; MARIA-DOLORES, R.; Ruge-Murcia, Francisco (Université de Montréal. Département de sciences économiques., 2003)
    This paper derives optimal monetary policy rules in setups where certainty equivalence does not hold because either central bank preferences are not quadratic, and/or the aggregate supply relation is nonlinear. Analytical results show that these features ...