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...
| Published in: | Scottish Journal of Political Economy Vol. 39; no. 2; pp. 167 - 188 |
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| Main Authors: | , |
| Format: | Article |
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Wiley-Blackwell
May92
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| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=13682983&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 13682983 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00369292 SJP jtl: Scottish Journal of Political Economy issn: 00369292 maglogo: Y pubinfo: dt: May92 vid: 39 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 13682983 10.1111/j.1467-9485.1992.tb00614.x ppf: 167 ppct: 21 formats: tig: atl: NOMINAL INCOME TARGETING VERSUS MONEY SUPPLY TARGETING. aug: au: Asako, Kazumi Wagner, Helmut affil: Faculty of Economics, Yokohama National University, Yokohama, Japan Department of Economics, Hochschule für Wirtschaft und Politik, Hamburg, West Germany su: Money supply Income Prices Economic demand Financial markets Economics sug: subj: Money supply Income Prices Economic demand Financial markets Economics ab: 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 NI rules under the setup that the monetary authority has the same information structure as wage setters and producers whereas investors in the financial markets can use advance information of the realization of shocks. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1992 holdings: @attributes: islocal: N |
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