Uncertain central bankers preferences: some implications of multiplicative versus additive uncertainty

被引：2

作者：

Peel, DA ^{[1
]}

机构：

[1] Univ Wales Coll Cardiff, Cardiff Business Sch, Cardiff CF1 3EU, S Glam, Wales

来源：

APPLIED ECONOMICS LETTERS | 2001年 / 8卷 / 01期

关键词：

D O I：

10.1080/135048501750041222

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this note the implications of modelling uncertainty in the parameters of the central banks loss function in a multiplicative rather than additive manner are examined. The implications for expected inflation, linear inflation contracts and targets are derived.

引用

页码：17 / 20

页数：4