Add to ORKGGiven highly persistent cost-push shocks, the relative performance of nominal income growth targeting depends critically on the size of two key parameters. Barring extreme preferences, nominal income growth targeting performs fairly well relative to commitment and pure discretion for small values of the Phillips Curve parameter
The endogenous growth literature can be broadly separated into two classes of growth models: Rival h...
We look for a theoretical justification of nominal wage contracts in household diversification of ri...
Monetary policy reaction functions are compared in a simple optimizing model with one-period nominal...
Within a simple New Keynesian model emphasizing forward-looking behaviour of private agents, I evalu...
[[abstract]]We find that local indeterminacy more easily emerges under a regime of nominal income ta...
The purpose of this paper is to examine the merits of monetary policy rules that utillize as their p...
Alternative Monetary Policy Rules and the Specification of the Phillips Curve: A Comparison of Nomin...
In this paper we analyze macroeconomic effects of inflation targeting policy in New Zealand using Ma...
There is a great deal of support for nominal income targeting in the literature on strategies for mo...
Many economists have recently proposed nominal GNP targetting as a new rule for monetary p0licy.l No...
Interest rates in New Zealand are generally higher than in other industrialized economies. Do these ...
This Selected Issues paper and Statistical Appendix reviews the performance of New Zealand and compa...
We introduce endogenous growth in a standard NK model with staggered prices and wages. We find that ...
A framework is developed in which inflation biases with different target variables are compared. A n...
Interest in nominal GDP (NGDP) targeting has come in the context of large advanced economies. Develo...
The endogenous growth literature can be broadly separated into two classes of growth models: Rival h...
We look for a theoretical justification of nominal wage contracts in household diversification of ri...
Monetary policy reaction functions are compared in a simple optimizing model with one-period nominal...
Within a simple New Keynesian model emphasizing forward-looking behaviour of private agents, I evalu...
[[abstract]]We find that local indeterminacy more easily emerges under a regime of nominal income ta...
The purpose of this paper is to examine the merits of monetary policy rules that utillize as their p...
Alternative Monetary Policy Rules and the Specification of the Phillips Curve: A Comparison of Nomin...
In this paper we analyze macroeconomic effects of inflation targeting policy in New Zealand using Ma...
There is a great deal of support for nominal income targeting in the literature on strategies for mo...
Many economists have recently proposed nominal GNP targetting as a new rule for monetary p0licy.l No...
Interest rates in New Zealand are generally higher than in other industrialized economies. Do these ...
This Selected Issues paper and Statistical Appendix reviews the performance of New Zealand and compa...
We introduce endogenous growth in a standard NK model with staggered prices and wages. We find that ...
A framework is developed in which inflation biases with different target variables are compared. A n...
Interest in nominal GDP (NGDP) targeting has come in the context of large advanced economies. Develo...
The endogenous growth literature can be broadly separated into two classes of growth models: Rival h...
We look for a theoretical justification of nominal wage contracts in household diversification of ri...
Monetary policy reaction functions are compared in a simple optimizing model with one-period nominal...