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Output Targeting and an Argument for Stabilization Policies

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  • Matheny, K-J
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    Abstract

    Nominal output targeting is sometimes advocated as a guide for monetary policy on the grounds of simplicity and favorable macroeconomic performance. This study casts doubt on the second of these justification.

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    Bibliographic Info

    Paper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number 1092.

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    Length: 22 pages
    Date of creation: 1996
    Date of revision:
    Handle: RePEc:pur:prukra:1092

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    Related research

    Keywords: MONETARY POLICY;

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    Cited by:
    1. Jang-Ting Guo & Kevin Lansing, 1999. "Fiscal policy, increasing returns, and endogenous fluctuations," Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco 99-08, Federal Reserve Bank of San Francisco.
    2. Ball, Laurence, 1999. "Efficient Rules for Monetary Policy," International Finance, Wiley Blackwell, Wiley Blackwell, vol. 2(1), pages 63-83, April.

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