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On the loss function of the Bank of Canada: A note
16 references·1 citing·51 second hop
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(2008)Biases in Macroeconomic Forec…Testing Forecast Optimality Under Unknown Loss (2007)Testing Forecast Optimality U…Measuring the Time Inconsistency of US Monetary Policy (2007)Measuring the Time Inconsiste…The rationality of EIA forecasts under symmetric and asymmetric loss (2006)The rationality of EIA foreca…Estimation and Testing of Forecast Rationality under Flexible Loss (2005)Estimation and Testing of For…Optimal Discretionary Monetary Policy in a Model of Asymmetric Central Bank Preferences (2003)Optimal Discretionary Monetar…Inflation Targeting under Asymmetric Preferences (2003)Inflation Targeting under Asy…Are monetary-policy reaction functions asymmetric?: The role of nonlinearity in the Phillips curve (2003)Are monetary-policy reaction …Why Don't They Lend? Credit Stagnation in Latin America (2002)Why Don't They Lend? Credit S…Information and Analysis for Monetary Policy: Coming to a Decision (2002)Information and Analysis for …A Prudent Central Banker (2001)A Prudent Central BankerAsymmetric density forecasts of inflation and the Bank of England's fan chart (1999)Asymmetric density forecasts …Rationality testing under asymmetric loss (1998)Rationality testing under asy…Central banks’ inflation forecasts under asymmetric loss: Evidence from four Latin-American countries (2015)Central banks’ inflation fore…A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information (1986)Optimal contracts for central bankers (1995)Properties of optimal forecasts under asymmetric loss and nonlinearity (2006)Can central banks’ monetary policy be described by a linear (augmented) Taylor rule or by a nonlinear rule? 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References

  • 2005Estimation and Testing of Forecast Rationality under Flexible Loss343 cited
  • 2003Are monetary-policy reaction functions asymmetric?: The role of nonlinearity in the Phillips curve294 cited
  • 2008Biases in Macroeconomic Forecasts: Irrationality or Asymmetric Loss?272 cited
  • 2003Optimal Discretionary Monetary Policy in a Model of Asymmetric Central Bank Preferences206 cited
  • 2007Testing Forecast Optimality Under Unknown Loss169 cited
  • 2003Inflation Targeting under Asymmetric Preferences162 cited
  • 1999Asymmetric density forecasts of inflation and the Bank of England's fan chart126 cited
  • 2008The FOMC versus the Staff: Where Can Monetary Policymakers Add Value?111 cited
  • 1998Rationality testing under asymmetric loss98 cited
  • 2007Measuring the Time Inconsistency of US Monetary Policy61 cited
  • 2006The rationality of EIA forecasts under symmetric and asymmetric loss49 cited
  • 2008Evaluating a three-dimensional panel of point forecasts: The Bank of England Survey of External Forecasters48 cited
  • 2009Assessing the prudence of economic forecasts in the EU47 cited
  • 2002Information and Analysis for Monetary Policy: Coming to a Decision40 cited
  • 2002Why Don't They Lend? Credit Stagnation in Latin America

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40 cited
  • 2001A Prudent Central Banker27 cited
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    • 2015Central banks’ inflation forecasts under asymmetric loss: Evidence from four Latin-American countries14 cited