文章基本信息

标题：The Central Bank Inflation Bias in the Presence of Asymmetric Preferences and Non-Normal Shocks
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作者：George Christodoulakis ; David Peel
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2009
卷号：29
期号：3
页码：1608-1620
出版社：Economics Bulletin
摘要：We investigate the nature of the inflation bias in a model that exhibits asymmetries in preferences and non–normality in shocks but simplifies to the classic Barro-Gordon problem as a special case. The inflation bias is shown to depend on the trade-off between preference, structural and the scale and shape parameters of the model