Browsing Faculté des arts et des sciences – Département de sciences économiques - Travaux et publications by Subject "cibles d'inflation"
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Inflation Targeting Under Asymmetric Preferences
(Université de Montréal. Département de sciences économiques., 2001)This paper develops and estimates a game-theoretical model of inflation targeting where the central banker's preferences are asymmetric around the targeted rate. In particular, positive deviations from the target can be weighted more, or less, severely ...