Journal Article
Nominal GNP: an anchor for monetary policy?
Abstract: Nominal GNP has some theoretical appeal as a guide for monetary policy. Its principal strength is that it would prevent policy from drifting away from the long-run goal of price stability. However, whether policymakers can translate this theoretical appeal into an actual policy that improves economic performance is an open question.
Access Documents
File(s): File format is application/pdf https://www.kansascityfed.org/documents/877/1982-Nominal%20GNP:%20An%20Anchor%20for%20Monetary%20Policy%3F.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Economic Review
Publication Date: 1988
Volume: 73
Issue: Nov
Pages: 18-35