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https://ah.nccu.edu.tw/handle/140.119/68739
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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: | [Department of Economics] Periodical Articles |
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