An overhaul of Federal Reserve doctrine: Nominal income and the Great Moderation
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DOI: 10.1016/j.jmacro.2012.02.002
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- Benchimol, Jonathan, 2024.
"Central bank objectives, monetary policy rules, and limited information,"
Journal of Macroeconomics, Elsevier, vol. 80(C).
- Jonathan Benchimol, 2024. "Central Bank Objectives, Monetary Policy Rules, and Limited Information," Bank of Israel Working Papers 2024.04, Bank of Israel.
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- Fackler, James S. & McMillin, W. Douglas, 2020.
"Nominal GDP versus price level targeting: An empirical evaluation,"
Journal of Economics and Business, Elsevier, vol. 109(C).
- James S. Fackler & W. Douglas McMillin, 2018. "Nominal GDP versus Price Level Targeting: An Empirical Evaluation," Departmental Working Papers 2018-05, Department of Economics, Louisiana State University.
- Hetzel, Robert, 2023. "What Is the Monetary Standard? The Fed Should Tell Us," Working Papers 12441, George Mason University, Mercatus Center.
- Benchimol, Jonathan & Fourçans, André, 2019.
"Central bank losses and monetary policy rules: A DSGE investigation,"
International Review of Economics & Finance, Elsevier, vol. 61(C), pages 289-303.
- Jonathan Benchimol & André Fourçans, 2019. "Central bank losses and monetary policy rules: A DSGE investigation," Post-Print hal-02876656, HAL.
- Hetzel, Robert, 2024. "What the Fed Needs to Do to Control Inflation and Stabilize the Economy," Annals of Computational Economics, George Mason University, Mercatus Center, June.
- Hendrickson, Joshua R., 2014.
"Redundancy Or Mismeasurement? A Reappraisal Of Money,"
Macroeconomic Dynamics, Cambridge University Press, vol. 18(7), pages 1437-1465, October.
- Hendrickson, Joshua, 2010. "Redundancy or Mismeasurement? A Reappraisal of Money," MPRA Paper 21477, University Library of Munich, Germany.
- Hetzel, Robert, 2019. "Rules vs. Discretion Revisited: A Proposal to Make the Strategy of Monetary Policy Transparent," Working Papers 10055, George Mason University, Mercatus Center.
- Jackson Mejia & Brian C. Albrecht, 2022. "On price stability with a job guarantee," Contemporary Economic Policy, Western Economic Association International, vol. 40(4), pages 568-584, October.
- Robert L. Hetzel, 2024. "What Is the Monetary Standard? The Fed Should Tell Us," Review, Federal Reserve Bank of St. Louis, vol. 106(1), pages 10-39, January.
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"Nominal income versus Taylor-type rules in practice,"
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- David Beckworth & Joshua R. Hendrickson, 2020.
"Nominal GDP Targeting and the Taylor Rule on an Even Playing Field,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 52(1), pages 269-286, February.
- Beckworth, David & Hendrickson, Joshua, 2016. "Nominal GDP Targeting and the Taylor Rule on an Even Playing Field," Working Papers 00242, George Mason University, Mercatus Center.
- Robert L. Hetzel, 2012. "Does monetarism retain relevance?," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 98(2Q), pages 77-110.
- Ryan H. Murphy & Jiawen Chen, 2017. "A simple empirical investigation into the optimal size of the NGDP Target and Level targeting," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 41(2), pages 354-369, April.
- Selgin, George & Beckworth, David & Bahadir, Berrak, 2015. "The productivity gap: Monetary policy, the subprime boom, and the post-2001 productivity surge," Journal of Policy Modeling, Elsevier, vol. 37(2), pages 189-207.
- Jonathan Benchimol & André Fourçans, 2017. "Monetary Rule, Central Bank Loss and Household’s Welfare: an Empirical Investigation," Globalization Institute Working Papers 329, Federal Reserve Bank of Dallas.
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More about this item
Keywords
Monetary policy rules; Real-time data; Greenbook forecasts; Nominal income target; Great Moderation;All these keywords.
JEL classification:
- E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
- E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
Statistics
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