Construct · 1 fields · 1 citations

nominal GDP targeting: a standalone construct

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Monetary economics

a monetary policy regime that aims at a path for nominal income, letting supply shocks split between prices and output.

In monetary economics, nominal GDP targeting refers to a monetary policy regime that aims at a path for nominal income, letting supply shocks split between prices and output. This meaning comes from Bean (1983) in The Economic Journal.[1]

Unit
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Nearby constructs

nominal2 fields · 2 citationsjingle · one word, two constructs path3 fields · 3 citationsjingle · one word, three constructs policy regime perspective1 fields · 1 citationsanchor · a standalone construct

References

Bean, C. R. (1983). Targeting Nominal Income: An Appraisal. The Economic Journal, 93(372), 806. https://doi.org/10.2307/2232747

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