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      Optimal Monetary Policy with Asymmetric Preferences for Output 

      Cassou, Steven P.; Scott, Patrick; Vázquez Pérez, Jesús (2012-11-15)
      Using a model of an optimizing monetary authority which has preferences that weigh inflation and unemployment, Ruge-Murcia (2003, 2004) finds empirical evidence that the authority has asymmetric preferences for ...