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Inflation targeting and nominal-income-growth targeting: When and why are they suboptimal?

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Cited by:

  1. Jinill Kim & Sunghyun Henry Kim, 2007. "Two Pitfalls of Linearization Methods," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 39(4), pages 995-1001, June.
  2. Jinill Kim & Sunghyun Kim, 2018. "Conditional Versus Unconditional Utility as Welfare Criterion: Two Examples," Computational Economics, Springer;Society for Computational Economics, vol. 51(3), pages 719-730, March.
  3. Bhatnagar, Aryaman, 2023. "Monetary policy with non-Ricardian households," The Quarterly Review of Economics and Finance, Elsevier, vol. 89(C), pages 12-26.
  4. Tatiana Damjanovic & Vladislav Damjanovic & Charles Nolan, 2015. "Ordering Policy Rules with an Unconditional Welfare Measure," International Journal of Central Banking, International Journal of Central Banking, vol. 11(1), pages 103-149, January.
  5. Kim, Jinill & Ruge-Murcia, Francisco J., 2011. "Monetary policy when wages are downwardly rigid: Friedman meets Tobin," Journal of Economic Dynamics and Control, Elsevier, vol. 35(12), pages 2064-2077.
  6. Pierpaolo Benigno & Michael Woodford, 2005. "Optimal stabilization policy when wages and prices are sticky: the case of a distorted steady state," Proceedings, Board of Governors of the Federal Reserve System (U.S.), pages 127-180.
  7. Davide Debortoli & Jinill Kim & Jesper Lindé & Ricardo Nunes, 2019. "Designing a Simple Loss Function for Central Banks: Does a Dual Mandate Make Sense?," The Economic Journal, Royal Economic Society, vol. 129(621), pages 2010-2038.
  8. Sang‐Kun Bae & Ronald A. Ratti, 2008. "Conservative Central Banks and Nominal Growth, Exchange Rate and Inflation Targets," Economica, London School of Economics and Political Science, vol. 75(299), pages 549-568, August.
  9. Kim, Jinill & Ruge-Murcia, Francisco J., 2009. "How much inflation is necessary to grease the wheels?," Journal of Monetary Economics, Elsevier, vol. 56(3), pages 365-377, April.
  10. Mollick, André Varella & Cabral, René & Carneiro, Francisco G., 2011. "Does inflation targeting matter for output growth? Evidence from industrial and emerging economies," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 537-551, July.
  11. Madalina-Gabriela Anghel & Maria Mirea & Alexandru Badiu, 2018. "Analysis of the Main Aspects Regarding the Price Indices Applied in the Determination of Inflation," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(2), pages 28-36, April.
  12. Kim, Jinill & Kim, Sunghyun Henry, 2003. "Spurious welfare reversals in international business cycle models," Journal of International Economics, Elsevier, vol. 60(2), pages 471-500, August.
  13. Jinill Kim & Sunghyun Kim, 2018. "Welfare Effects of Tax Policy in Open Economies: Stabilization and Cooperation," International Journal of Central Banking, International Journal of Central Banking, vol. 14(3), pages 347-376, June.
  14. Gavin, William T. & Keen, Benjamin D. & Pakko, Michael R., 2009. "Inflation Risk And Optimal Monetary Policy," Macroeconomic Dynamics, Cambridge University Press, vol. 13(S1), pages 58-75, May.
  15. Garín, Julio & Lester, Robert & Sims, Eric, 2016. "On the desirability of nominal GDP targeting," Journal of Economic Dynamics and Control, Elsevier, vol. 69(C), pages 21-44.
  16. Kim, Jinill & Henderson, Dale W., 2005. "Inflation targeting and nominal-income-growth targeting: When and why are they suboptimal?," Journal of Monetary Economics, Elsevier, vol. 52(8), pages 1463-1495, November.
  17. Alstadheim, Ragna, 2016. "The zero lower bound on the interest rate and a Neoclassical Phillips curve," Journal of Macroeconomics, Elsevier, vol. 47(PA), pages 116-130.
  18. Alba, Joseph D. & Liu, Jingting & Chia, Wai-Mun & Park, Donghyun, 2020. "Foreign output shock in small open economies: A welfare evaluation of monetary policy regimes," Economic Modelling, Elsevier, vol. 86(C), pages 101-116.
  19. Gupta, Sargam, 2024. "Inefficient shocks and optimal monetary policy," Economic Modelling, Elsevier, vol. 135(C).
  20. Nunes, Ricardo, 2008. "Delegation and Loose Commitment," MPRA Paper 11555, University Library of Munich, Germany.
  21. Chen, Huiying, 2020. "Nominal GDP targeting, real economic activity and inflation stabilization in a new Keynesian framework," The Quarterly Review of Economics and Finance, Elsevier, vol. 78(C), pages 53-63.
  22. Ray C. Fair, 2006. "Evaluating Inflation Targeting Using a Macroeconometric Model," Levine's Bibliography 321307000000000303, UCLA Department of Economics.
  23. Fair, Ray C., 2007. "Evaluating Inflation Targeting Using a Macroeconometric Model," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 1, pages 1-52.
  24. Constantin ANGHELACHE & Mădălina-Gabriela ANGHEL & Ștefan Virgil IACOB, 2022. "Romania's economy on the threshold of recession," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(630), S), pages 27-38, Spring.
  25. Benjamin D. Keen & Michael R. Pakko, 2011. "Monetary Policy and Natural Disasters in a DSGE Model," Southern Economic Journal, John Wiley & Sons, vol. 77(4), pages 973-990, April.
  26. Constantin ANGHELACHE & Mădălina-Gabriela ANGHEL & Stefan Virgil IACOB & Cristian Marius RĂDUT & Denis-Arthur STRIJEK, 2022. "Inflation seriously affects the standard of living of the population," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(632), A), pages 223-232, Autumn.
  27. Benigno, Pierpaolo & Woodford, Michael, 2006. "Optimal taxation in an RBC model: A linear-quadratic approach," Journal of Economic Dynamics and Control, Elsevier, vol. 30(9-10), pages 1445-1489.
  28. Collard, Fabrice & Dellas, Harris, 2005. "Poole in the New Keynesian model," European Economic Review, Elsevier, vol. 49(4), pages 887-907, May.
  29. Constantin ANGHELACHE & Mădălina-Gabriela ANGHEL & Ștefan Virgil IACOB, 2021. "The evolution of consumer prices – the main brake on economic growth," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(629), W), pages 179-190, Winter.
  30. Jordi Caballé & Jana Hromcová, 2011. "The Role of Central Bank Operating Procedures in an Economy with Productive Government Spending," Computational Economics, Springer;Society for Computational Economics, vol. 37(1), pages 39-65, January.
  31. Benjamin D. Keen & Michael R. Pakko, 2007. "Monetary policy and natural disasters in a DSGE model: how should the Fed have responded to Hurricane Katrina?," Working Papers 2007-025, Federal Reserve Bank of St. Louis.
  32. Salem Abo‐Zaid & Huiying Chen & Ahmed Kamara, 2021. "A fiscal perspective on nominal GDP targeting," Economic Inquiry, Western Economic Association International, vol. 59(4), pages 1641-1660, October.
  33. Madalina-Gabriela ANGHEL & Constantin Anghelache & Tudor SAMSON & Radu STOICA, 2016. "Analysis of index prices of population consumption reveals a moderation through fiscal measures," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(12), pages 148-156, December.
  34. 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.
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