Estimating Cross Province and Municipal City Price Level Differences in China: Some Experiments and Results
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DOI: 10.1007/s11205-016-1238-0
Abstract: The estimation of Sub-national purchasing power parities (PPPs) for countries where the regions and provinces have different level of development is fundamental for income, consumption, standard of living real term comparisons, as well as for… read more here.
Keywords: province municipal; price level; level differences; cross province ... See more keywords
Nominal GDP versus price level targeting: An empirical evaluation
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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
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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