Monetary Equilibrium and Nominal Income Targeting

Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Banks & Banking, Finance
Cover of the book Monetary Equilibrium and Nominal Income Targeting by Nicolás Cachanosky, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Nicolás Cachanosky ISBN: 9781315444581
Publisher: Taylor and Francis Publication: June 27, 2018
Imprint: Routledge Language: English
Author: Nicolás Cachanosky
ISBN: 9781315444581
Publisher: Taylor and Francis
Publication: June 27, 2018
Imprint: Routledge
Language: English

This book examines the case of nominal income targeting as a monetary policy rule. In recent years the most well-known nominal income targeting rule has been NGDP (level) Targeting, associated with a group of economists referred to as market monetarists (Scott Sumner, David Beckworth, and Lars Christensen among others).

Nominal income targeting, though not new in monetary theory, was relegated in economic theory following the Keynesian revolution, up until the financial crisis of 2008, when it began to receive renewed attention. This book fills a gap in the literature available to researchers, academics, and policy makers on the benefits of nominal income targeting against alternative monetary rules.

It starts with the theoretical foundations of monetary equilibrium. With this foundation laid, it then deals with nominal income targeting as a monetary policy rule. What are the differences between NGDP Targeting and Hayek’s rule? How do these rules stand up against other monetary rules like inflation targeting, the Taylor rule, or Friedman’s k-percent?

Nominal income targeting is a rule which is better equipped to avoid monetary disequilibrium when there is no inflation. Therefore, a book that explores the theoretical foundation of nominal income targeting, comparing it with other monetary rules, using the 2008 crisis to assess it and laying out monetary policy reforms towards a nominal income targeting rule will be timely and of interest to both academics and policy makers.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book examines the case of nominal income targeting as a monetary policy rule. In recent years the most well-known nominal income targeting rule has been NGDP (level) Targeting, associated with a group of economists referred to as market monetarists (Scott Sumner, David Beckworth, and Lars Christensen among others).

Nominal income targeting, though not new in monetary theory, was relegated in economic theory following the Keynesian revolution, up until the financial crisis of 2008, when it began to receive renewed attention. This book fills a gap in the literature available to researchers, academics, and policy makers on the benefits of nominal income targeting against alternative monetary rules.

It starts with the theoretical foundations of monetary equilibrium. With this foundation laid, it then deals with nominal income targeting as a monetary policy rule. What are the differences between NGDP Targeting and Hayek’s rule? How do these rules stand up against other monetary rules like inflation targeting, the Taylor rule, or Friedman’s k-percent?

Nominal income targeting is a rule which is better equipped to avoid monetary disequilibrium when there is no inflation. Therefore, a book that explores the theoretical foundation of nominal income targeting, comparing it with other monetary rules, using the 2008 crisis to assess it and laying out monetary policy reforms towards a nominal income targeting rule will be timely and of interest to both academics and policy makers.

More books from Taylor and Francis

Cover of the book The Aesthetics of the Oppressed by Nicolás Cachanosky
Cover of the book The Intellectual as Stranger by Nicolás Cachanosky
Cover of the book Technologies of Procreation by Nicolás Cachanosky
Cover of the book European Union Peacebuilding and Policing by Nicolás Cachanosky
Cover of the book Educating Chinese–Heritage Students in the Global–Local Nexus by Nicolás Cachanosky
Cover of the book Language and Schizophrenia by Nicolás Cachanosky
Cover of the book Currency Options by Nicolás Cachanosky
Cover of the book The Think-Aloud Controversy in Second Language Research by Nicolás Cachanosky
Cover of the book Paying for Pleasure by Nicolás Cachanosky
Cover of the book Book Commissioning and Acquisition by Nicolás Cachanosky
Cover of the book Economic Efficiency and Social Welfare (Routledge Revivals) by Nicolás Cachanosky
Cover of the book Producing for TV and Video by Nicolás Cachanosky
Cover of the book Regional Interests and Regional Actors by Nicolás Cachanosky
Cover of the book Classical Sparta (Routledge Revivals) by Nicolás Cachanosky
Cover of the book Gender, Work and Migration by Nicolás Cachanosky
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy