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Title: Nominal Income Targeting versus Money Growth Targeting in an Endogenously Growing Economy
Authors: 蕭明福
Shaw, Ming-Fu
Contributors: 經濟系
Keywords: Nominal income targeting;Money growth targeting;Endogenous growth;Indeterminacy
Date: 2005-03
Issue Date: 2014-08-14 15:14:07 (UTC+8)
Abstract: We find that local indeterminacy more easily emerges under a regime of nominal income targeting. Both targeting regimes are equally effective in influencing economic growth and inflation. The results thus favor money growth over nominal income as a nominal anchor.
Relation: Economics Letters, 86(3), 359-366
Data Type: article
Appears in Collections:[經濟學系] 期刊論文

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