Economia
All in the Family: The Close Connection Between Nominal-GDP Targeting and the Taylor Rule, by Evan F. Koenig:
Abstract: The classic Taylor rule for adjusting the stance of monetary policy is formally a special case of nominal- gross-domestic-product (GDP) targeting. Suitably implemented, moreover, nominal-GDP targeting satisfies the definition of a "flexible inflation targeting" policy rule. However, nominal-GDP targeting would require more discipline from policymakers than some analysts think is realistic.
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- O Pib Nominal Como Meta Da Política Monetária
The Fallacy of Nominal GDP Targeting By Detlev S Schlichter "... Münchau is an advocate of nominal GDP targeting, the new fad in monetary central planning. There is allegedly nothing wrong with monetary policy. The central bankers...
- Metas Da Inflação
Inflation Targeting Hits the WallMises Daily:Wednesday, February 01, 2012 by Antony P. MuellerThe financial-market crisis is not over but has grown into a vicious sovereign-debt crisis. Nevertheless, monetary policy makers of the major economies go on...
- Depois A Política Monetária De Metas De Inflação
Nominal GDP targeting: (1) it provides a simple and intuitive approach to monetary policy, (2) it focuses monetary policy on that over which it has meaningful influence, and (3) its simplicity makes it easier to implement than other ...
- Regras Da Política Monetária
Instrument rules, target rules, NGDP, complexity and learningAt one extreme you have pure discretion. The central bank does whatever it thinks is best. At the other extreme you have an instrument rule. The rule specifies exactly how the central bank...
- Política Monetária De Metas De Inflação
How Flexible Can Inflation Targeting Be and Still Work? Kenneth N. Kuttner and Adam S. Posen Abstract This paper takes up the issue of the flexibility of inflation targeting regimes, with the specific goal of determining whether the monetary policy...
Economia
Regra de Taylor e a meta do PIB nominal
All in the Family: The Close Connection Between Nominal-GDP Targeting and the Taylor Rule, by Evan F. Koenig:
Abstract: The classic Taylor rule for adjusting the stance of monetary policy is formally a special case of nominal- gross-domestic-product (GDP) targeting. Suitably implemented, moreover, nominal-GDP targeting satisfies the definition of a "flexible inflation targeting" policy rule. However, nominal-GDP targeting would require more discipline from policymakers than some analysts think is realistic.
Mais
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- O Pib Nominal Como Meta Da Política Monetária
The Fallacy of Nominal GDP Targeting By Detlev S Schlichter "... Münchau is an advocate of nominal GDP targeting, the new fad in monetary central planning. There is allegedly nothing wrong with monetary policy. The central bankers...
- Metas Da Inflação
Inflation Targeting Hits the WallMises Daily:Wednesday, February 01, 2012 by Antony P. MuellerThe financial-market crisis is not over but has grown into a vicious sovereign-debt crisis. Nevertheless, monetary policy makers of the major economies go on...
- Depois A Política Monetária De Metas De Inflação
Nominal GDP targeting: (1) it provides a simple and intuitive approach to monetary policy, (2) it focuses monetary policy on that over which it has meaningful influence, and (3) its simplicity makes it easier to implement than other ...
- Regras Da Política Monetária
Instrument rules, target rules, NGDP, complexity and learningAt one extreme you have pure discretion. The central bank does whatever it thinks is best. At the other extreme you have an instrument rule. The rule specifies exactly how the central bank...
- Política Monetária De Metas De Inflação
How Flexible Can Inflation Targeting Be and Still Work? Kenneth N. Kuttner and Adam S. Posen Abstract This paper takes up the issue of the flexibility of inflation targeting regimes, with the specific goal of determining whether the monetary policy...