Cassou, Steven P.; Shadmani, Hedieh; Vázquez, Jesús - In: Applied Economics Letters 21 (2014) 2, pp. 113-117
Surico (2007) showed that the Federal Reserve Bank (FED) asymmetric preferences for the output gap disappeared during recent times. We show that this result is sensitive to the starting date chosen for the regressions. Using a starting date of 1984:01 or later, we find that the hypothesis of the...
