Nominal GDP versus price level targeting: An empirical evaluation
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Economics and Business"
DOI: 10.1016/j.jeconbus.2019.105890
Abstract: Abstract In response to the ongoing discussion in the literature of the appropriate framework for monetary policy, we compare two of the most frequently discussed alternatives to inflation targeting—targeting either the level of nominal GDP… read more here.
Keywords: nominal gdp; price level; level targeting;
Commodities and monetary policy: Implications for inflation and price level targeting
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Policy Modeling"
DOI: 10.1016/j.jpolmod.2021.02.013
Abstract: We examine the relative ability of simple inflation targeting (IT) and price level targeting (PLT) monetary policy rules to minimize both inflation variability and business cycle fluctuations in Canada for shocks that have important consequences… read more here.
Keywords: monetary policy; price level; inflation; policy ... See more keywords