Journal Article
Is nominal GDP targeting a rule policymakers could accept?
Abstract: The economy is too complex to be summarized by a single rule. Economies are constantly changing in ways difficult to explain after the fact and nearly impossible to predict. Consequently, policymakers seem destined to rely on discretion rather than rules.
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https://fraser.stlouisfed.org/title/economic-synopses-6715/nominal-gdp-targeting-a-rule-policymakers-could-accept-624405
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2013
Order Number: 29