Search Results for simple loss function

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We reconsider the design of welfare-optimal monetary policy when financing frictions impair the...

Yes, it makes a lot of sense. This paper studies how to design simple loss functions for...

Recent theoretical and empirical work has cast doubt on the hypotheses of a linear Phillips curve...

This paper takes a new approach to assess the costs and benefits of using different policy tools—...

Using a simple model of two-sided markets, we show that, in the social optimum, platform pricing...

This paper reviews recent advances in the specification and estimation of Bayesian Vector...