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Output Targeting and an Argument for Stabilization Policies

Author

Listed:
  • Matheny, K-J

Abstract

Nominal output targeting is sometimes advocated as a guide for monetary policy on the grounds of simplicity and favorable macroeconomic performance. This study casts doubt on the second of these justification.

Suggested Citation

  • Matheny, K-J, 1996. "Output Targeting and an Argument for Stabilization Policies," Purdue University Economics Working Papers 1092, Purdue University, Department of Economics.
  • Handle: RePEc:pur:prukra:1092
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    Cited by:

    1. Laurence Ball, 1999. "Efficient Rules for Monetary Policy," International Finance, Wiley Blackwell, vol. 2(1), pages 63-83, April.
    2. Guo, Jang-Ting & Lansing, Kevin J., 2002. "Fiscal Policy, Increasing Returns, And Endogenous Fluctuations," Macroeconomic Dynamics, Cambridge University Press, vol. 6(5), pages 633-664, November.

    More about this item

    Keywords

    MONETARY POLICY;

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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