Nominal income target
A nominal income target is a monetary policy target. Such targets are adopted by central banks to manage national economic activity. Nominal aggregates are not adjusted for inflation. Nominal income aggregates that can serve as targets include nominal gross domestic product (NGDP) and nominal gross domestic income (GDI). Central banks use a variety of techniques to hit their targets, including conventional tools such as interest rate targeting or open market operations, unconventional tools such as quantitative easing or interest rates on excess reserves and expectations management to hit its target. The concept of NGDP targeting was originally proposed by James Meade (1978) and James Tobin (1980).
primaryTopic
Nominal income target
A nominal income target is a monetary policy target. Such targets are adopted by central banks to manage national economic activity. Nominal aggregates are not adjusted for inflation. Nominal income aggregates that can serve as targets include nominal gross domestic product (NGDP) and nominal gross domestic income (GDI). Central banks use a variety of techniques to hit their targets, including conventional tools such as interest rate targeting or open market operations, unconventional tools such as quantitative easing or interest rates on excess reserves and expectations management to hit its target. The concept of NGDP targeting was originally proposed by James Meade (1978) and James Tobin (1980).
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A nominal income target is a m ...... m of nominal income targeting.
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名目所得ターゲット(En:Nominal income ta ...... たものである。NGDPターゲット、名目所得目標とも呼ばれる。
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A nominal income target is a m ...... (1978) and James Tobin (1980).
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名目所得ターゲット(En:Nominal income ta ...... たものである。NGDPターゲット、名目所得目標とも呼ばれる。
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Nominal income target
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名目所得ターゲット
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