[go: up one dir, main page]

create a website
On the Desirability of Nominal GDP Targeting. (2015). Sims, Eric ; Lester, Robert ; Garin, Julio.
In: NBER Working Papers.
RePEc:nbr:nberwo:21420.

Full description at Econpapers || Download paper

Cited: 7

Citations received by this document

Cites: 27

References cited by this document

Cocites: 50

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. .

    Full description at Econpapers || Download paper

  2. .

    Full description at Econpapers || Download paper

  3. TOWARD A NEW COMPARATIVE PUBLIC LAW OF CENTRAL BANK LEGISLATION: Designing Legislative Mandates for Central Bank Private Securities Assets Purchases and Nominal GDP Targeting. (2021). Michael, Bryane ; Osaulenko, Svitlana.
    In: Journal of Central Banking Theory and Practice.
    RePEc:cbk:journl:v:10:y:2021:i:1:p:5-38.

    Full description at Econpapers || Download paper

  4. A simple empirical investigation into the optimal size of the NGDP Target and Level targeting. (2017). Murphy, Ryan ; Chen, Jiawen.
    In: Journal of Economics and Finance.
    RePEc:spr:jecfin:v:41:y:2017:i:2:d:10.1007_s12197-016-9357-7.

    Full description at Econpapers || Download paper

  5. Hysteresis in a New Keynesian Model. (2016). Craighead, William.
    In: MPRA Paper.
    RePEc:pra:mprapa:70777.

    Full description at Econpapers || Download paper

  6. Flexible inflation targeting vs nominal GDP targeting in the euro area. (2015). Ragot, Xavier ; Creel, Jerome ; Blot, Christophe.
    In: Sciences Po publications.
    RePEc:spo:wpmain:info:hdl:2441/5nf0balck3981o9ril8lj58pud.

    Full description at Econpapers || Download paper

  7. Flexible inflation targeting vs nominal GDP targeting in the euro area. (2015). Creel, Jerome ; Ragot, Xavier ; Blot, Christophe.
    In: Working Papers.
    RePEc:hal:wpaper:hal-03429880.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. ——— (2003): “Monetary Policy Evaluation with Noisy Information,” Journal of Monetary Economics, 50, 605–631.
    Paper not yet in RePEc: Add citation now
  2. ——— (2011): “Investment Shocks and the Relative Price of Investment,” Review of Economic Dynamics, 14, 101–121.
    Paper not yet in RePEc: Add citation now
  3. Ascari, G. and T. Ropele (2009): “Trend Inflation, Taylor Principle, and Indeterminacy,” Journal of Money, Credit and Banking, 41, 1557–1584.

  4. Barattieri, A., S. Basu, and P. Gottschalk (2014): “Some Evidence on the Importance of Sticky Wages,” American Economic Journal: Macroeconomics, 6, 70–101.

  5. Barro, R. J. and D. B. Gordon (1983): “Rules, Discretion and Reputation in a Model of Monetary Policy,” Journal of Monetary Economics, 12, 101 – 121.

  6. Beckworth, D. and J. R. Hendrickson (2015): “Nominal GDP Targeting and the Taylor Rule on an Even Playing Field,” Tech. rep.
    Paper not yet in RePEc: Add citation now
  7. Bernanke, B. S. and F. S. Mishkin (1997): “Inflation Targeting: A New Framework for Monetary Policy?” Journal of Economic Perspectives, 11, 97–116.

  8. Billi, R. M. (2014): “Nominal GDP Targeting and the Zero Lower Bound: Should We Abandon Inflation Targeting?” Tech. Rep. 270, Sveriges Riksbank Working Paper Series.

  9. Blanchard, O. and J. Gali (2007): “Real Wage Rigidities and the New Keynesian Model,” Journal of Money, Credit and Banking, 39, 35–65.

  10. Cecchetti, S. G. (1995): “Inflation Indicators and Inflation Policy,” NBER Working Papers 5161, National Bureau of Economic Research, Inc.

  11. Christiano, L. J., M. Eichenbaum, and C. L. Evans (2005): “Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy,” Journal of Political Economy, 113, 1–45.

  12. Coibion, O. and Y. Gorodnichenko (2011): “Monetary Policy, Trend Inflation, and the Great Moderation: An Alternative Interpretation,” American Economic Review, 101, 341–70.

  13. Erceg, C. J., D. W. Henderson, and A. T. Levin (2000): “Optimal Monetary Policy with Staggered Wage and Price Contracts,” Journal of Monetary Economics, 46, 281–313.

  14. Hall, R. E. and N. G. Mankiw (1994): “Nominal Income Targeting,” Tech. rep.

  15. Hornstein, A. and A. L. Wolman (2005): “Trend Inflation, Firm-Specific Capital, and Sticky Prices,” Economic Quarterly, 57–83.
    Paper not yet in RePEc: Add citation now
  16. Jensen, H. (2002): “Targeting Nominal Income Growth or Inflation?” American Economic Review, 92, 928–956.

  17. Justiniano, A., G. E. Primiceri, and A. Tambalotti (2010): “Investment Shocks and Business Cycles,” Journal of Monetary Economics, 57, 132 – 145.

  18. Kim, J. and D. W. Henderson (2005): “Inflation Targeting and Nominal-Income-Growth Targeting: When and Why are They Suboptimal?” Journal of Monetary Economics, 52, 1463 – 1495.

  19. Mitra, K. (2003): “Desirability of Nominal GDP Targting under Adaptive Learning,” Journal of Money, Credit, and Banking, 35, 197–220.

  20. Orphanides, A. (2001): “Monetary Policy Rules Based on Real-Time Data,” American Economic Review, 91, 964–985.

  21. Orphanides, A. and S. van Norden (2002): “The Unreliability of Output-Gap Estimates in Real Time,” The Review of Economics and Statistics, 84, pp. 569–583.

  22. Schmitt-Grohe, S. and M. Uribe (2007): “Optimal Simple and Implementable Monetary and Fiscal Rules,” Journal of Monetary Economics, 54, 1702–1725.

  23. Sims, E. (2013): “Growth or the Gap? Which Measure of Economic Activity Should be Targeted in Interest Rate Rules?” Tech. rep.
    Paper not yet in RePEc: Add citation now
  24. Smets, F. and R. Wouters (2007): “Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach,” The American Economic Review, 97, 586–606.

  25. Sumner, S. (2014): “Nominal GDP Targeting: A Simple Rule to Improve Fed Performance,” Cato Journal, 34, 315–337.

  26. Taylor, J. B. (1993): “Discretion Versus Policy Rules in Practice,” Carnegie-Rochester Conference Series on Public Policy, 39, 195–214.

  27. Woodford, M. (2003): Interest and Prices: Foundations of a Theory of Monetary Policy, Princeton University Press.
    Paper not yet in RePEc: Add citation now

Cocites

Documents in RePEc which have cited the same bibliography

  1. On the impacts of trend inflation in an open economy. (2022). Zhao, Hong.
    In: Journal of International Economics.
    RePEc:eee:inecon:v:138:y:2022:i:c:s0022199622000800.

    Full description at Econpapers || Download paper

  2. Limited Energy Supply, Sunspots, and Monetary Policy. (2022). Gornemann, Nils ; Kuester, Keith ; Hildebrand, Sebastian.
    In: ECONtribute Discussion Papers Series.
    RePEc:ajk:ajkdps:215.

    Full description at Econpapers || Download paper

  3. A NOTE ON ROBUST MONETARY POLICY AND NON-ZERO TREND INFLATION. (2020). Hasui, Kohei.
    In: Macroeconomic Dynamics.
    RePEc:cup:macdyn:v:24:y:2020:i:6:p:1574-1594_9.

    Full description at Econpapers || Download paper

  4. Positive Trend In ation and Determinacy in a Medium-Sized New Keynesian Model. (2018). Castelnuovo, Efrem ; Branzoli, Nicola ; Ascari, Guido ; Arias, Jonas E.
    In: Marco Fanno Working Papers.
    RePEc:pad:wpaper:0224.

    Full description at Econpapers || Download paper

  5. High trend inflation and passive monetary detours. (2018). Ascari, Guido ; Gobbi, Alessandro ; Florio, Anna.
    In: Economics Letters.
    RePEc:eee:ecolet:v:172:y:2018:i:c:p:138-142.

    Full description at Econpapers || Download paper

  6. Endogenous growth and the Taylor principle. (2018). Micheli, Martin.
    In: Economics Letters.
    RePEc:eee:ecolet:v:167:y:2018:i:c:p:1-4.

    Full description at Econpapers || Download paper

  7. A reevaluation of the macroeconomic effects of positive trend inflation. (2018). el Omari, Salaheddine.
    In: Economics Letters.
    RePEc:eee:ecolet:v:162:y:2018:i:c:p:116-123.

    Full description at Econpapers || Download paper

  8. Debt regimes and the effectiveness of monetary policy. (2018). Huber, Florian ; de Luigi, Clara.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:93:y:2018:i:c:p:218-238.

    Full description at Econpapers || Download paper

  9. Positive Trend Inflation and Determinacy in a Medium-Sized New Keynesian Model. (2018). Castelnuovo, Efrem ; Branzoli, Nicola ; Ascari, Guido ; Arias, Jonas E.
    In: CESifo Working Paper Series.
    RePEc:ces:ceswps:_7122.

    Full description at Econpapers || Download paper

  10. Macroeconomic Policies in a Low Interest Rate Environment: Back to Keynes?. (2018). Pellegrino, Giovanni ; Lim, Guay ; Castelnuovo, Efrem.
    In: Australian Economic Review.
    RePEc:bla:ausecr:v:51:y:2018:i:1:p:70-86.

    Full description at Econpapers || Download paper

  11. Existence and uniqueness of solutions to dynamic models with occasionally binding constraints. (2017). Holden, Tom.
    In: EconStor Preprints.
    RePEc:zbw:esprep:144570.

    Full description at Econpapers || Download paper

  12. Monetary Policy Shifts and Central Bank Independence. (2017). Qureshi, Irfan.
    In: MPRA Paper.
    RePEc:pra:mprapa:81646.

    Full description at Econpapers || Download paper

  13. Theoretical Elements on the Use of Price Indices for Inflation Measurement. (2017). Madalina - Gabriela Anghel, ; Stanciu, Emilia ; SOLOMON, Alina Georgiana ; Popovici, Marius ; Lixandru, Georgeta .
    In: International Journal of Academic Research in Accounting, Finance and Management Sciences.
    RePEc:hur:ijaraf:v:7:y:2017:i:3:p:38-47.

    Full description at Econpapers || Download paper

  14. POSITIVE TREND INFLATION AND DETERMINACY IN A MEDIUM-SIZED NEW KEYNESIAN MODEL. (2017). Castelnuovo, Efrem ; Branzoli, Nicola ; Ascari, Guido ; Arias, Jonas E.
    In: Working Papers.
    RePEc:fip:fedpwp:17-16.

    Full description at Econpapers || Download paper

  15. Whats so great about the Great Moderation?. (2017). Valcarcel, Victor (Vic) ; Keating, John W.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:51:y:2017:i:c:p:115-142.

    Full description at Econpapers || Download paper

  16. Transparency, expectations anchoring and inflation target. (2017). Ascari, Guido ; Gobbi, Alessandro ; Florio, Anna.
    In: European Economic Review.
    RePEc:eee:eecrev:v:91:y:2017:i:c:p:261-273.

    Full description at Econpapers || Download paper

  17. Disinflations in a model of imperfectly anchored expectations. (2017). Kulish, Mariano ; Gibbs, Christopher.
    In: European Economic Review.
    RePEc:eee:eecrev:v:100:y:2017:i:c:p:157-174.

    Full description at Econpapers || Download paper

  18. Does trend inflation make a difference?. (2017). Perricone, Chiara ; Loberto, Michele.
    In: Economic Modelling.
    RePEc:eee:ecmode:v:61:y:2017:i:c:p:351-375.

    Full description at Econpapers || Download paper

  19. TREND INFLATION AND EQUILIBRIUM STABILITY: FIRM-SPECIFIC VERSUS HOMOGENEOUS LABOR. (2017). Van Zandweghe, Willem ; Kurozumi, Takushi.
    In: Macroeconomic Dynamics.
    RePEc:cup:macdyn:v:21:y:2017:i:04:p:947-981_00.

    Full description at Econpapers || Download paper

  20. Macroeconomic Policy in DSGE and Agent-Based Models Redux: New Developments and Challenges Ahead. (2016). Roventini, Andrea ; Fagiolo, Giorgio.
    In: LEM Papers Series.
    RePEc:ssa:lemwps:2016/17.

    Full description at Econpapers || Download paper

  21. Macroeconomic Policy in DGSE and Agent-Based Models Redux: New Developments and Challenges Ahead. (2016). Roventini, Andrea ; Fagiolo, Giorgio.
    In: Sciences Po publications.
    RePEc:spo:wpmain:info:hdl:2441/dcditnq6282sbu1u151qe5p7f.

    Full description at Econpapers || Download paper

  22. Kinked Demand Curves, the Natural Rate Hypothesis, and Macroeconomic Stability. (2016). Van Zandweghe, Willem ; Kurozumi, Takushi.
    In: Review of Economic Dynamics.
    RePEc:red:issued:13-259.

    Full description at Econpapers || Download paper

  23. The Effects of Secondary Markets for Government Bonds on Inflation Dynamics. (2016). Gomis-Porqueras, Pedro ; Dominguez, Begona .
    In: MPRA Paper.
    RePEc:pra:mprapa:82448.

    Full description at Econpapers || Download paper

  24. The Effects of Secondary Markets for Government Bonds on Inflation Dynamics. (2016). Gomis-Porqueras, Pedro ; Dominguez, Begona .
    In: MPRA Paper.
    RePEc:pra:mprapa:82444.

    Full description at Econpapers || Download paper

  25. Macroeconomic policy in DGSE and agent based models redux : new developments and challenges ahead. (2016). Roventini, Andrea ; Fagiolo, Giorgio.
    In: Documents de Travail de l'OFCE.
    RePEc:fce:doctra:16011.

    Full description at Econpapers || Download paper

  26. On the desirability of nominal GDP targeting. (2016). Sims, Eric ; Lester, Robert ; Garin, Julio.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:69:y:2016:i:c:p:21-44.

    Full description at Econpapers || Download paper

  27. Animal Spirits and the Business Cycle: Empirical Evidence from Moment Matching. (2016). Sacht, Stephen ; Jang, Tae-Seok .
    In: Metroeconomica.
    RePEc:bla:metroe:v:67:y:2016:i:1:p:76-113.

    Full description at Econpapers || Download paper

  28. Learning the monetary/fiscal interaction under trend inflation. (2015). Anna, BY ; Gobbi, Alessandro.
    In: Oxford Economic Papers.
    RePEc:oup:oxecpp:v:67:y:2015:i:4:p:1146-1164..

    Full description at Econpapers || Download paper

  29. A New Keynesian model with staggered price and wage setting under learning. (2015). Best, Gabriela.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:57:y:2015:i:c:p:96-111.

    Full description at Econpapers || Download paper

  30. Does trend inflation make a difference?. (2015). Perricone, Chiara ; Loberto, Michele.
    In: Temi di discussione (Economic working papers).
    RePEc:bdi:wptemi:td_1033_15.

    Full description at Econpapers || Download paper

  31. Animal spirits and the business cycle: Empirical evidence from moment matching. (2014). Sacht, Stephen ; Jang, Tae-Seok .
    In: Economics Working Papers.
    RePEc:zbw:cauewp:201406.

    Full description at Econpapers || Download paper

  32. Monetary policy and growth with trend inflation and financial frictions. (2014). Olmos, Lorena ; Frago, Marcos Sanso .
    In: MPRA Paper.
    RePEc:pra:mprapa:54606.

    Full description at Econpapers || Download paper

  33. A pitfall of expectational stability analysis. (2014). Van Zandweghe, Willem ; Kurozumi, Takushi.
    In: Research Working Paper.
    RePEc:fip:fedkrw:rwp14-07.

    Full description at Econpapers || Download paper

  34. Monetary Policy, Trend Inflation and the Great Moderation: An Alternative Interpretation - Comment. (2014). Castelnuovo, Efrem ; Branzoli, Nicola ; Ascari, Guido ; Arias, Jonas E..
    In: International Finance Discussion Papers.
    RePEc:fip:fedgif:1127.

    Full description at Econpapers || Download paper

  35. Lack of divine coincidence in New Keynesian models. (2014). Alves, Sergio ; Alves, Sergio Afonso Lago, .
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:67:y:2014:i:c:p:33-46.

    Full description at Econpapers || Download paper

  36. Welfare costs of shifting trend inflation. (2014). Nakata, Taisuke.
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:41:y:2014:i:c:p:66-78.

    Full description at Econpapers || Download paper

  37. Trend inflation, sticky prices, and expectational stability. (2014). Kurozumi, Takushi.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:42:y:2014:i:c:p:175-187.

    Full description at Econpapers || Download paper

  38. Trend growth and learning about monetary policy rules. (2014). Tesfaselassie, Mewael F..
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:41:y:2014:i:c:p:241-256.

    Full description at Econpapers || Download paper

  39. The Macroeconomics of Trend Inflation. (2014). Sbordone, Argia ; Ascari, Guido.
    In: Journal of Economic Literature.
    RePEc:aea:jeclit:v:52:y:2014:i:3:p:679-739.

    Full description at Econpapers || Download paper

  40. Inflation Skewness and Price Indexation. (2013). Firouzi Naeim, Peyman ; Rahimzadeh, golnoush .
    In: MPRA Paper.
    RePEc:pra:mprapa:45968.

    Full description at Econpapers || Download paper

  41. The Most Beautiful Variations on Fair Wages and the Phillips Curve. (2013). Vaona, Andrea.
    In: Journal of Money, Credit and Banking.
    RePEc:mcb:jmoncb:v:45:y:2013:i:6:p:1069-1084.

    Full description at Econpapers || Download paper

  42. Trend productivity growth and the government spending multiplier. (2013). Tesfaselassie, Mewael F..
    In: Journal of Macroeconomics.
    RePEc:eee:jmacro:v:37:y:2013:i:c:p:197-207.

    Full description at Econpapers || Download paper

  43. Wicksell Versus Taylor: A Quest for Determinancy and the (IR) Relevance of the Taylor Principle. (2013). Caputo, Rodrigo ; Bauducco, Sofia.
    In: Working Papers Central Bank of Chile.
    RePEc:chb:bcchwp:705.

    Full description at Econpapers || Download paper

  44. Identification of Animal Spirits in a Bounded Rationality Model: An Application to the Euro Area. (2012). Sacht, Stephen ; Jang, Tae-Seok .
    In: MPRA Paper.
    RePEc:pra:mprapa:37399.

    Full description at Econpapers || Download paper

  45. An estimated DSGE model: Explaining variation in nominal term premia, real term premia, and inflation risk premia. (2012). Andreasen, Martin.
    In: European Economic Review.
    RePEc:eee:eecrev:v:56:y:2012:i:8:p:1656-1674.

    Full description at Econpapers || Download paper

  46. A note on expectational stability under non-zero trend inflation. (2011). Muto, Ichiro ; Kobayashi, Teruyoshi.
    In: Discussion Papers.
    RePEc:koe:wpaper:1102.

    Full description at Econpapers || Download paper

  47. Macroeconomics of Growth Cycles and Financial Instability. (2011). Ferri, Piero.
    In: Books.
    RePEc:elg:eebook:14260.

    Full description at Econpapers || Download paper

  48. Calvo vs. Rotemberg in a trend inflation world: An empirical investigation. (2011). rossi, lorenza ; Castelnuovo, Efrem ; Ascari, Guido.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:35:y:2011:i:11:p:1852-1867.

    Full description at Econpapers || Download paper

  49. Endogenous nominal rigidities and monetary policy. (2010). Kurozumi, Takushi ; Kimura, Takeshi.
    In: Journal of Monetary Economics.
    RePEc:eee:moneco:v:57:y:2010:i:8:p:1038-1048.

    Full description at Econpapers || Download paper

  50. The effects of secondary markets for government bonds on inflation dynamics. (). Gomis-Porqueras, Pedro ; Domínguez, Begoña.
    In: Review of Economic Dynamics.
    RePEc:red:issued:18-50.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2024-12-24 14:12:56 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.