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English language --- Second language acquisition --- Anglais (Langue) --- Langue seconde --- Study and teaching --- Foreign speakers --- Etude et enseignement --- Allophones --- Acquisition --- -Second language acquisition --- #KVHA:Taalonderwijs; Engels --- Second language learning --- Language acquisition --- Germanic languages --- -Foreign speakers --- Study and teaching&delete& --- EFL (Language study) --- English as a foreign language --- English as a second language --- English to speakers of other languages --- ESL (Language study) --- ESOL (Language study) --- Teaching English as a second language --- TEFL (Language study) --- TESL (Language study) --- Foreign students --- English language - Study and teaching - Foreign speakers
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English language --- Anglais (Langue) --- Study and teaching --- Foreign speakers --- Periodicals. --- Etude et enseignement --- Allophones --- Périodiques --- Foreign speakers. --- Arts and Humanities --- Language & Linguistics --- language learning --- language teaching --- literature --- cultural studies --- linguistics --- English studies --- EFL (Language study) --- English as a foreign language --- English as a second language --- English to speakers of other languages --- ESL (Language study) --- ESOL (Language study) --- Teaching English as a second language --- TEFL (Language study) --- TESL (Language study) --- Foreign students --- English literature --- english studies --- Filologia anglesa. --- Filologia anglesa antiga, 450-1100 --- Anglès --- Literatura anglesa --- Germanic languages
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This paper develops and estimates a game-theoretical model of inflation targeting where the central banker's preferences are asymmetric around the targeted rate. Specifically, positive deviations from the target can be weighted more, or less, severely than negative ones in the central banker's loss function. It is shown that some of the previous results derived under the assumption of symmetry are not robust to this generalization of preferences. Estimates of the central banker's preference parameters for Canada, Sweden, and the United Kingdom are statistically different from the one implied by the commonly-used quadratic loss function.
Inflation --- Labor --- Money and Monetary Policy --- Forecasting --- Monetary Policy --- Central Banks and Their Policies --- Policy Objectives --- Policy Designs and Consistency --- Policy Coordination --- Price Level --- Deflation --- Unemployment: Models, Duration, Incidence, and Job Search --- Forecasting and Other Model Applications --- Macroeconomics --- Labour --- income economics --- Monetary economics --- Economic Forecasting --- Inflation targeting --- Unemployment rate --- Unemployment --- Economic forecasting --- Prices --- Monetary policy --- United Kingdom
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German language --- Spanish language --- Grammar, Comparative --- Spanish. --- Grammar, Comparative --- German.
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