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Nominal GDP Targeting and the Taylor Rule on an Even Playing Field

David Beckworth and Joshua Hendrickson

No 242, Working Papers from George Mason University, Mercatus Center

Abstract: Some economists advocate nominal GDP targeting as an alternative to the Taylor rule. These arguments are largely based on the idea that nominal GDP targeting would require less knowledge on the part of policymakers than a traditional Taylor rule. In parti

Pages: Length not available.
Date: 2016-10-25
New Economics Papers: this item is included in nep-knm and nep-mon
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Citations: View citations in EconPapers (2)

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