A comparative analysis of the stabilizing properties of nominal income growth targeting

DOI10.1016/J.ECONLET.2006.10.006MaRDI QIDQ1934043zbMATH OpenOpenAlexFDO

Authors Alfred V. Guender

Publication date 28 January 2013

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://repec.canterbury.ac.nz/cbt/econwp/0615.pdf

zbMATH Keywords

discretionnominal income growth targetingstandard commitmenttimeless perspective

Mathematics Subject Classification ID

Economic growth models (91B62) Macroeconomic theory (monetary models, models of taxation) (91B64)

Recommendations

• Inflation targeting versus nominal income targeting.
• Nominal income targeting versus money growth targeting in an endogenously growing economy
• On the desirability of nominal GDP targeting
• Targeting nominal income
• Optimal monetary rules under persistent shocks

Cited in

(3)

• Targeting nominal income
• Inflation targeting versus nominal income targeting.
• Nominal income targeting versus money growth targeting in an endogenously growing economy

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