Some economists point to explicit nominal GDP (NGDP) targets as one possible way out of a liquidity trap, especially for the USA with its dual mandate. David Beckworth has posted a blog pointing out that such targets come in two varieties, level targets and growth rate targets: A NGDP growth rate target, like an inflation […]
Posted: January 18th, 2012
Categories: Monetary Policy, Posts by Genevieve Signoret
Tags: David Beckworth, Federal Reserve, liquidity traps, NGDP targeting
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Categories: Monetary Policy, Posts by Genevieve Signoret
Tags: David Beckworth, Federal Reserve, liquidity traps, NGDP targeting
Comentarios: No hay comentarios.