목차
Title page
Contents
Abstract 2
1. Introduction 3
2. A Model of Optimal (Discretionary) Policy When Activity Shortfalls Are Costly 5
3. Additional considerations 13
4. Conclusions 16
References 17
Figure 1. Outcomes under the optimal policy for asymmetric and symmetric loss functions 12
Figure 2. Losses for alternative central bank weights on activity (αl=0.25, αh=0) 13
