Title of article
A comparative analysis of the stabilizing properties of nominal income growth targeting
Author/Authors
Alfred V. Guender، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
6
From page
217
To page
222
Abstract
Given highly persistent cost-push shocks, the relative performance of nominal income growth targeting depends critically on the size of two key parameters. Barring extreme preferences, nominal income growth targeting performs fairly well relative to commitment and pure discretion for small values of the Phillips Curve parameter.
Keywords
Nominal income growth targeting , Discretion , Standard commitment , Timeless perspective
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436215
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