Introduce and discuss the central bank's loss function. According to this function, when is it most averse to inflation
Posted: Mon Apr 18, 2022 9:17 am
Introduce and discuss the central bank's loss function.
According to this function, when is it most averse to inflation
deviations from the target? When is he averse to deviations of the
product from equilibrium? Illustrate graphically.
According to this function, when is it most averse to inflation
deviations from the target? When is he averse to deviations of the
product from equilibrium? Illustrate graphically.