Instability Under Nominal GDP Targeting: the Role of Expectations.

Using a small closed economy model Ball (1987) showed that nominal GDP targeting can lead to instability. This paper extends Ball ; s model to uncover the role inflation expectations play in generating this instability.

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Year of publication:	1998
Authors:	Dennis, R.
Institutions:	Research School of Pacific and Asian Studies, College of Asia and the Pacific
Subject:	INFLATION \| ECONOMIC MODELS \| EXPECTATIONS

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Series:	Australian National University - Department of Economics.
Type of publication:	Book / Working Paper
Notes:	32 pages
Classification:	E31 - Price Level; Inflation; Deflation ; E23 - Production ; D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005776607