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NOMINAL INCOME TARGETING VERSUS MONEY SUPPLY TARGETING.

Assesses the relative performances of the money supply (MS) targeting and the nominal income (NI) targeting rules. Features of the NI and the MS rules; Reasons why NI is highly favored over MS; Importance of the role of price expectations in the aggregate demand function; Performance of the MS and N...

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Published in:Scottish Journal of Political Economy Vol. 39; no. 2; pp. 167 - 188
Main Authors: Asako, Kazumi, Wagner, Helmut
Format: Article
Published: Wiley-Blackwell May92
Subjects:
Money supply
Income
Prices
Economic demand
Financial markets
Economics
Online Access:View this record in EBSCOhost