The Meaning of "Internal Balance"

Citations

Cited by:

1. Jeffrey Frankel, 2017. "How to Cope with Volatile Commodity Export Prices: Four Proposals," Growth Lab Working Papers 101, Harvard's Growth Lab.
   • Jeffrey Frankel, 2017. "How to Cope with Volatile Commodity Export Prices: Four Proposals," CID Working Papers 335, Center for International Development at Harvard University.
   • Frankel, Jeffrey, 2017. "How to Cope with Volatile Commodity Export Prices: Four Proposals," Working Paper Series rwp17-033, Harvard University, John F. Kennedy School of Government.
2. Timonen, Jouni, 1995. "Nominal income as an intermediate target for monetary policy," Bank of Finland Research Discussion Papers 21/1995, Bank of Finland.
3. Robert E. Hall & N. Gregory Mankiw, 1994. "Nominal Income Targeting," NBER Chapters, in: Monetary Policy, pages 71-94, National Bureau of Economic Research, Inc.
   • Hall, R.E. & Mankiw, N.G., 1993. "Nominal Income Targeting," Harvard Institute of Economic Research Working Papers 1650, Harvard - Institute of Economic Research.
   • Robert E. Hall & N. Gregory Mankiw, 1993. "Nominal Income Targeting," NBER Working Papers 4439, National Bureau of Economic Research, Inc.
4. Michael T. Kiley, 2003. "Why Is Inflation Low When Productivity Growth Is High?," Economic Inquiry, Western Economic Association International, vol. 41(3), pages 392-406, July.
5. Fang, Chung-rou & Lai, Ching-chong, 2002. "Targeting nominal income versus targeting price level: A target zone perspective," International Review of Economics & Finance, Elsevier, vol. 11(3), pages 229-249.
6. Henderson, Dale W. & McKibbin, Warwick J., 1993. "A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 221-317, December.
   • Dale W. Henderson & Warwick J. McKibbin, 1993. "A comparison of some basic monetary policy regimes for open economies: implications of different degrees of instrument adjustment and wage persistence," International Finance Discussion Papers 458, Board of Governors of the Federal Reserve System (U.S.).
7. Funke, Norbert, 1992. "Wage formation and monetary policy rules," Kiel Working Papers 514, Kiel Institute for the World Economy (IfW Kiel).
8. Gordon, Robert J, 1984. "The Short-run Demand for Money: A Reconsideration," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(4), pages 403-434, November.
   • Robert J. Gordon, 1984. "The Short-Run Demand for Money: A Reconsideration," NBER Working Papers 1421, National Bureau of Economic Research, Inc.
   • Gordon, Robert J, 1984. "The Short-Run Demand for Money: A Reconsideration," CEPR Discussion Papers 24, C.E.P.R. Discussion Papers.
9. Ibrahima Amadou Diallo, 2019. "A Bayesian DSGE Model Comparison of the Taylor Rule and Nominal GDP Targeting," Working Papers hal-02281971, HAL.
10. Eagle, David M., 2012. "Nominal GDP targeting for a speedier economic recovery," MPRA Paper 39821, University Library of Munich, Germany.
11. McCallum, Bennett T. & Nelson, Edward, 1999. "Nominal income targeting in an open-economy optimizing model," Journal of Monetary Economics, Elsevier, vol. 43(3), pages 553-578, June.
    • McCallum, B.T. & Nelson, E., 1998. "Nominal Income Targeting in an Open-Economy Optimizing Model," Papers 644, Stockholm - International Economic Studies.
    • McCallum, Bennett T. & Nelson, Edward, 1998. "Nominal Income Targeting in an Open-Economy Optimizing Model," Seminar Papers 644, Stockholm University, Institute for International Economic Studies.
    • Bennett T. McCallum & Edward Nelson, 2000. "Nominal Income Targeting in an Open-Economy Optimizing Model," NBER Working Papers 6675, National Bureau of Economic Research, Inc.
12. Frankel, Jeffrey A., 2019. "Should the Fed Be Constrained?," Working Paper Series rwp19-003, Harvard University, John F. Kennedy School of Government.
13. Jörg Bibow, 2004. "Für eine Kehrtwende von der Spar- zur Wachstumsorientierung: nominales BIP-Ziel als Strategie der Makrowirtschaftspolitik in der Wirtschafts- und Währungsunion," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 73(3), pages 445-459.
14. McCallum, Bennett T., 2015. "Nominal GDP targeting: Policy rule or discretionary splurge?," Journal of Financial Stability, Elsevier, vol. 17(C), pages 76-80.
15. Phillip Edmund Metaxas & Ernst Juerg Weber, 2016. "An Australian Contribution to International Trade Theory: The Dependent Economy Model," The Economic Record, The Economic Society of Australia, vol. 92(298), pages 464-497, September.
    • Phillip Edmund Metaxas & Ernst Juerg Weber, 2014. "An Australian Contribution to International Trade Theory: The Dependent Economy Model," Economics Discussion / Working Papers 14-02, The University of Western Australia, Department of Economics.
16. Johannes Hermanus Kemp, 2015. "Measuring Potential Output for the South African Economy: Embedding Information About the Financial Cycle," South African Journal of Economics, Economic Society of South Africa, vol. 83(4), pages 549-568, December.
    • Harri Kemp, 2014. "Measuring potential output for the South African economy: Embedding information about the financial cycle," Working Papers 03/2014, Stellenbosch University, Department of Economics.
17. Roberto M. Billi, 2020. "Output Gaps and Robust Monetary Policy Rules," International Journal of Central Banking, International Journal of Central Banking, vol. 16(2), pages 125-152, March.
    • Billi, Roberto M., 2012. "Output Gaps and Robust Monetary Policy Rules," Working Paper Series 260, Sveriges Riksbank (Central Bank of Sweden).
18. Jonathan Benchimol & André Fourçans, 2016. "Nominal income versus Taylor-type rules in practice," Working Papers hal-01357870, HAL.
    • Benchimol, Jonathan & Fourçans, André, 2016. "Nominal income versus Taylor-type rules in practice," ESSEC Working Papers WP1610, ESSEC Research Center, ESSEC Business School.
19. Bhandari, Pranjul & Frankel, Jeffrey, 2017. "Nominal GDP targeting for developing countries," Research in Economics, Elsevier, vol. 71(3), pages 491-506.
    • Pranjul Bhandari & Jeffrey A. Frankel, 2015. "Nominal GDP Targeting for Developing Countries," NBER Working Papers 20898, National Bureau of Economic Research, Inc.
20. Amit Kara & Edward Nelson, 2003. "The Exchange Rate and Inflation in the UK," Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(5), pages 585-608, November.
    • Amit Kara & Edward Nelson, 2002. "The Exchange Rate and Inflation in the UK," Discussion Papers 11, Monetary Policy Committee Unit, Bank of England.
    • Nelson, Edward & Kara, Amit, 2003. "The Exchange Rate and Inflation in the UK," CEPR Discussion Papers 3783, C.E.P.R. Discussion Papers.
21. Lai, Ching-Chong & Chin, Chi-Ting, 2013. "Monetary Rules And Endogenous Growth In An Open Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 17(2), pages 431-463, March.
22. Evan F. Koenig, 2011. "Monetary policy, financial stability, and the distribution of risk," Working Papers 1111, Federal Reserve Bank of Dallas.
23. Jeffrey Frankel, 2014. "Nominal GDP Targeting for Middle-Income Countries," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 14(3), pages 1-14.
    • Frankel, Jeffrey, 2014. "Nominal GDP Targeting for Middle-Income Countries," Working Paper Series rwp14-033, Harvard University, John F. Kennedy School of Government.
24. Filiani, Pasquale, 2021. "Optimal monetary–fiscal policy in the euro area liquidity crisis," Journal of Macroeconomics, Elsevier, vol. 70(C).
25. Frankel, Jeffrey A., 2011. "How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical?," Scholarly Articles 4735392, Harvard Kennedy School of Government.
    • Frankel, Jeffrey A., 2011. "How Can Commodity Exporters Make Fiscal and Monetary Policy Less Procyclical?," Working Paper Series rwp11-015, Harvard University, John F. Kennedy School of Government.
26. Haider Ali & Eatzaz Ahmad, 2014. "Choice of Monetary Policy Instrument under Targeting Regimes in a Simple Stochastic Macro Model," PIDE-Working Papers 2014:102, Pakistan Institute of Development Economics.
27. Charles R. Bean, 1994. "The role of demand management policies in reducing unemployment," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, issue Jan, pages 99-167.
    • C Bean, 1994. "The Role in Demand Management Policies in Reducing Unemployment," CEP Discussion Papers dp0222, Centre for Economic Performance, LSE.
28. Alfred V. Guender & Sharon McCaw, 2001. "The Role of Openness in the Debate on Rules vs. Discretion: A Simple Exposition," Australian Economic Papers, Wiley Blackwell, vol. 40(1), pages 91-110, March.
29. repec:zbw:bofrdp:1995_021 is not listed on IDEAS
30. Billi, Roberto M., 2018. "Price level targeting and risk management," Economic Modelling, Elsevier, vol. 73(C), pages 163-173.
    • Roberto M. Billi, 2008. "Price-level targeting and risk management in a low-inflation economy," Research Working Paper RWP 08-09, Federal Reserve Bank of Kansas City.
    • Billi, Roberto, 2015. "Price Level Targeting and Risk Management," Working Paper Series 302, Sveriges Riksbank (Central Bank of Sweden), revised 01 Feb 2016.
31. 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.
32. Singh, Ajit, 1999. "Global economic trends, development and social policy at Copenhagen plus five," MPRA Paper 53557, University Library of Munich, Germany.
33. Victor Argy & Anthony Brennan & Glenn Stevens, 1990. "Monetary Targeting: The International Experience," The Economic Record, The Economic Society of Australia, vol. 66(1), pages 37-62, March.
34. Guender, Alfred V. & Tam, Julie, 2004. "On the performance of nominal income targeting as a strategy for monetary policy in a small open economy," Journal of International Money and Finance, Elsevier, vol. 23(2), pages 143-163, March.
35. Bhattarai, Keshab & Mallick, Sushanta, 2013. "Impact of China's currency valuation and labour cost on the US in a trade and exchange rate model," The North American Journal of Economics and Finance, Elsevier, vol. 25(C), pages 40-59.
36. Timonen, Jouni, 1995. "Nominal income as an intermediate target for monetary policy," Research Discussion Papers 21/1995, Bank of Finland.
37. Brayton, Flint & Tinsley, P. A., 1996. "Effective interest rate policies for price stability," Economic Modelling, Elsevier, vol. 13(2), pages 289-314, April.
38. Muneesh Kapur & Michael Debabrata Patra, 2012. "Alternative Monetary Policy Rules for India," IMF Working Papers 2012/118, International Monetary Fund.
39. repec:agr:journl:v:3(604):y:2015:i:3(604):p:21-38 is not listed on IDEAS
40. Eleonora Sanfilippo, 2008. "Short period and long period in macroeconomics: an awkward distinction," Departmental Working Papers of Economics - University 'Roma Tre' 0095, Department of Economics - University Roma Tre.
41. Charles Bean, 2009. "'The Meaning of Internal Balance' Thirty Years On," Economic Journal, Royal Economic Society, vol. 119(541), pages 442-460, November.
    • Charles Bean, 2009. "‘The Meaning of Internal Balance’ Thirty Years On," Economic Journal, Royal Economic Society, vol. 119(541), pages 442-460, November.
42. Selim KAYHAN & Muhsin KAR & Ahmet ŞAHBAZ, 2015. "Is CPI a suitable tool for inflation targeting? A critical view," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(604), A), pages 21-38, Autumn.
43. 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.
44. Lai, Ching-chong & Chen, Shu-hua & Shaw, Ming-fu, 2005. "Nominal income targeting versus money growth targeting in an endogenously growing economy," Economics Letters, Elsevier, vol. 86(3), pages 359-366, March.
45. Stan du Plessis & Malan Rietveld, 2013. "Should inflation targeting be abandoned in favour of nominal income targeting?," Working Papers 12/2013, Stellenbosch University, Department of Economics.
46. 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.