Targeting nominal income: A closer look

被引：5

作者：

Koenig, EF

机构：

[1] Federal Reserve Bank of Dallas, Dallas, TX 75201

来源：

ECONOMICS LETTERS | 1996年 / 51卷 / 01期

关键词：

nominal income target; monetary policy;

D O I：

10.1016/0165-1765(95)00792-X

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

I derive conditions under which the monetary authority should target nominal spending. The relevant spending target is a weighted average of income and consumption. Despite 'sticky' nominal wages, under optimal policy the economy behaves as if all markets clear.

引用

页码：89 / 93

页数：5

共 50 条

[1] TARGETING NOMINAL INCOME - A NOTE
WEST, KD
[J]. ECONOMIC JOURNAL, 1986, 96 (384): : 1077 - 1083
[2] TARGETING NOMINAL INCOME - AN APPRAISAL
BEAN, CR
[J]. ECONOMIC JOURNAL, 1983, 93 (372): : 806 - 819
[3] Inflation Targeting versus Nominal Income Targeting
Helmut Frisch
Sylvia Staudinger
[J]. Journal of Economics, 2003, 78 : 113 - 137
[4] Inflation targeting versus nominal income targeting
Frisch, H
Staudinger, S
[J]. JOURNAL OF ECONOMICS-ZEITSCHRIFT FUR NATIONALOKONOMIE, 2003, 78 (02): : 113 - 137
[5] Milton Friedman and nominal income targeting
Horan, Patrick
[J]. SOUTHERN ECONOMIC JOURNAL, 2024,
[6] Targeting nominal income growth or inflation?
Jensen, H
[J]. AMERICAN ECONOMIC REVIEW, 2002, 92 (04): : 928 - 956
[7] TARGETING NOMINAL INCOME - FURTHER RESULTS
JANSEN, DW
KIM, SG
[J]. SOUTHERN ECONOMIC JOURNAL, 1993, 59 (03) : 385 - 393
[8] NOMINAL INCOME TARGETING VERSUS MONEY SUPPLY TARGETING
ASAKO, K
WAGNER, H
[J]. SCOTTISH JOURNAL OF POLITICAL ECONOMY, 1992, 39 (02) : 167 - 187
[9] A closer look at financial development and income distribution
Gimet, Celine
Lagoarde-Segot, Thomas
[J]. JOURNAL OF BANKING & FINANCE, 2011, 35 (07) : 1698 - 1713
[10] TARGETING NOMINAL INCOME IN A DYNAMIC-MODEL
REINHART, V
[J]. JOURNAL OF MONEY CREDIT AND BANKING, 1990, 22 (04) : 427 - 443

← 1 2 3 4 5 →