A fiscal perspective on nominal GDP targeting.

This paper studies fiscal policy in a model with nominal gross domestic product (GDP) targeting. We find that, with wage rigidity, nominal GDP targeting generates lower welfare losses than inflation targeting and a Taylor rule. On the other hand, adopting this regime makes standard fiscal policy rul...

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Detalles Bibliográficos

Publicado en:	Economic Inquiry Vol. 59; no. 4; pp. 1641 - 1661
Autores principales:	Abo‐Zaid, Salem, Chen, Huiying, Kamara, Ahmed
Formato:	Artículo
Publicado:	Wiley-Blackwell Oct2021
Materias:	Fiscal policy Taylor's rule Inflation targeting Gross domestic product Monetary policy
Acceso en línea:	Ver este registro en EBSCOhost