New Policy Brief on NGDPLT


I have a new policy brief out on NGDP level targeting. The article summarizes in an accessible manner the key arguments for NGDP level targeting while also addressing the main concerns of this approach. The policy brief also shows how one could implement a NGDP level target in practice. The article comes out now as part of the conversation the Fed is having this year in its review of monetary policy. Please check it out. 

Related Links
The Financial Stability Case for NGDP Targeting
NGDP Targeting and the Taylor Rule on An Even Playing Field



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