Nominal income targeting versus money growth targeting in an endogenously growing economy

淡江大學機構典藏 > 商管學院 > 產業經濟學系暨研究所 > 期刊論文 > Item 987654321/23830

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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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