Search Results - subject:"Nominal GDP Targeting"

UK monetary policy in an estimated DSGE model with state-dependent price and wage contracts

Chen, Haixia; Le, Vo Phuong Mai; Meenagh, David; … - 2023

Considerable micro-level evidence suggests that price/wage contract durations fluctuate with the state of the economy, particularly inflation; nonetheless, macro-level evidence for this is scarce. We incorporate state-dependent price/wage setting into an open economy DSGE model to investigate...

Persistent link: https://www.econbiz.de/10014480472

UK monetary policy in an estimated DSGE model with state-dependent price and wage contracts

Chen, Haixia; Le, Vo Phuong Mai; Meenagh, David; … - 2023

Persistent link: https://www.econbiz.de/10014434524

Demand deficiency and inflation in the G7 countries

Başçı, Erdem; Başçı, Sıdıka - In: International Econometric Review (IER) 13 (2021) 3, pp. 59-70

policy discussions on nominal GDP targeting. …

Persistent link: https://www.econbiz.de/10014518988

Demand deficiency and inflation in the G7 countries

Başçı, Erdem; Başçı, Sıdıka - In: International econometric review 13 (2021) 3, pp. 59-70

policy discussions on nominal GDP targeting. …

Persistent link: https://www.econbiz.de/10012816136

Optimal monetary policy for the masses

Bullard, James B.; DiCecio, Riccardo - 2019 - This draft: April 2, 2019

We study nominal GDP targeting as optimal monetary policy in a simple and stylized model with a credit market friction … consumption in the U.S. data. We show that nominal GDP targeting continues to characterize optimal monetary policy in this setting …

Persistent link: https://www.econbiz.de/10011998041

Nominal GDP versus price level targeting : an empirical evaluation

Fackler, James Sherman; McMillin, W. Douglas - 2018

Persistent link: https://www.econbiz.de/10011968800

Funders-of-Last-Resort: Legal Issues Involved in Using Central Bank Balance Sheets to Bolster Economic Growth

Michael, Bryane; Dalko, Viktoria - 2017

balance sheet sizes with these assets. We also show how statutory mandate for nominal GDP targeting set the best legal …

Persistent link: https://www.econbiz.de/10011725165

Assessing nominal GDP targeting in the South African context

Creamer, Kenneth; Botha, Robert Tregathen - In: Central Bank Review (CBR) 17 (2017) 1, pp. 1-10

The main purpose of this research paper is to determine whether Nominal GDP targeting as a monetary policy regime would … algebraically deriving the necessary conditions for Nominal GDP targeting to dominate Inflation targeting using two different forms … results and practical issues of Nominal GDP targeting, such as the possibility of enhancing the severity of stagflation, this …

Persistent link: https://www.econbiz.de/10012217550

Funders-of-fast-resort : legal issues involved in using central bank balance sheets to bolster economic growth

Michael, Bryane; Dalko, Viktoria - 2017

balance sheet sizes with these assets. We also show how statutory mandate for nominal GDP targeting set the best legal …

Persistent link: https://www.econbiz.de/10011753927

Nominal GDP targeting and the tax burden

Hatcher, Michael - 2016

Persistent link: https://www.econbiz.de/10011563970