Article ID Journal Published Year Pages File Type
5062587 Economics Letters 2007 6 Pages PDF
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.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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A comparative analysis of the stabilizing properties of nominal income growth targeting
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