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The optimal output target and degree of banker conservativeness in a model with a non-linear Phillips curve

Morgan, Peter Huw and Peel, David Alan 2003. The optimal output target and degree of banker conservativeness in a model with a non-linear Phillips curve. Applied Economics Letters 10 (6) , pp. 323-330. 10.1080/13504850210161896

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Abstract

The purpose in this article is to investigate the implications of a non-linear supply curve for the standard discretionary inflation outcome obtained when the central bank has quadratic preferences. Some implications for the optimal output target and degree of conservativeness of the central banker are derived.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
ISSN: 1466-4291
Last Modified: 04 Jun 2017 01:48
URI: http://orca.cf.ac.uk/id/eprint/2830

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