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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/23830

    Title: Nominal income targeting versus money growth targeting in an endogenously growing economy
    Authors: Lai, Ching-chong;Chen, Shu-hua;蕭明福;Shaw, Ming-fu
    Contributors: 淡江大學產業經濟學系
    Keywords: Nominal income targeting;Money growth targeting;Endogenous growth;Indeterminacy
    Date: 2005-03-01
    Issue Date: 2009-11-30 17:55:21 (UTC+8)
    Publisher: Elsevier
    Abstract: We find that local indeterminacy more easily emerges under a regime of nominal income targeting. Both targeting regimes are equally effective in influencing economic growth and inflation. The results thus favor money growth over nominal income as a nominal anchor.
    Relation: Economics letters 86(3), pp.359-366
    DOI: 10.1016/j.econlet.2004.08.005
    Appears in Collections:[產業經濟學系暨研究所] 期刊論文

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