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    题名: Nominal income targeting versus money growth targeting in an endogenously growing economy
    作者: Lai, Ching-chong;Chen, Shu-hua;蕭明福;Shaw, Ming-fu
    贡献者: 淡江大學產業經濟學系
    关键词: Nominal income targeting;Money growth targeting;Endogenous growth;Indeterminacy
    日期: 2005-03-01
    上传时间: 2009-11-30 17:55:21 (UTC+8)
    出版者: Elsevier
    摘要: 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.
    關聯: Economics letters 86(3), pp.359-366
    DOI: 10.1016/j.econlet.2004.08.005
    显示于类别:[產業經濟學系暨研究所] 期刊論文

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