984 resultados para Royaume-Uni
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Donateur : Jochem (18..-18..)
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Donateur : Cleaver, R.S. (18..-18..?)
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Donateur : Guinchard (18..-19..?)
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[Loi. 1870-08-09]
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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 than negative ones in the central banker's loss function. It is shown that some of the previous results derived under the assumption of symmetry are not robust to the generalization of preferences. Estimates of the central banker's preference parameters for Canada, Sweden, and the United Kingdom are statistically different from the ones implied by the commonly used quadratic loss function. Econometric results are robust to different forecasting models for the rate of unemployment but not to the use of measures of inflation broader than the one targeted.
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"Mémoire présenté à la faculté des études supérieures en vue de l'obtention du grade LL.M. en droit des technologies de l'information"
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"Mémoire présenté à la Faculté des études supérieures en vue de l'obtention du grade de Maîtrise en droit, option recherche (LL.M.)"
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"Mémoire présenté à la Faculté des études supérieures En vue de l'obtention du grade de maîtrise en droit"