a coordinated monetary-fiscal policy framework, i.e., an interest rate policy that targets nominal GDP complemented by a …

a coordinated monetary-fiscal policy framework, i.e., an interest rate policy that targets nominal GDP complemented by a …

is observed to be higher at high rates of nominal GDP growth. We first test for the presence of a two regime non … "harmful inflation" regime for higher nominal GDP growth rates, these results have strong implications for guiding recent … policy discussions on nominal GDP targeting. …

is observed to be higher at high rates of nominal GDP growth. We first test for the presence of a two regime non … "harmful inflation" regime for higher nominal GDP growth rates, these results have strong implications for guiding recent … policy discussions on nominal GDP targeting. …

major role for monetary policy in influencing the economy's price stickiness. We find that by targetin nominal GDP monetary …

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 …

major role for monetary policy in influencing the economy s price stickiness. We nd that by targetin nominal GDP monetary …