#  Nominal GDP Targeting 

 



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 **Nominal GDP Targeting**

“[Should the Fed Be Constrained?](/file_url/673)” forthcoming, *Cato Journal*, 39, no.2, Spring/summer, 2019. [Proofs](/file_url/711). [HKS RWP 19-003](https://www.hks.harvard.edu/publications/should-fed-be-constrained), Dec. 2018. Session on “Should the Fed Be Subject to a Monetary Rule?” *Monetary Policy 10 Years After the Crisis,* 36th Annual Monetary Conference, Cato Institute, November 15, 2018. [Ppt 10 slides](/file_url/651); [Ppt 3 slides](/file_url/652).

“[Nominal GDP Targeting for Developing Countries](/file_url/288),” \[[word](/file_url/290)\] with Pranjul Bhandari, 2017, *Research in Economics* ([Elsevier](https://doi.org/10.1016/j.rie.2017.06.001)), vol.71, issue 3, September, pp. 491-506. [Uncorrected page proofs](/file_url/334). [NBER WP 20898](http://www.nber.org/papers/w20898). Revised from “[The Best of Rules and Discretion: A Case for Nominal GDP Targeting in India](http://hks.harvard.edu/fs/jfrankel/NGDPT-IndiaPBJF2014.docx),” Harvard Kennedy School, [CID WP No. 284](http://www.hks.harvard.edu/centers/cid/publications/faculty-working-papers/the-best-of-rules-and-discretion-a-case-for-nominal-gdp-targeting-in-india).

"[Nominal GDP Targeting for Middle-Income Countries](/file_url/625)," *Central Bank Review*, vol.14, no.3, September 2014 (Central Bank of the Republic of Turkey), pp.1-14. HKS [RWP](http://hks.harvard.edu/fs/jfrankel/ch.hks.harvard.edu/publications/workingpapers/Faculty_Name.aspx?PersonId=15) [14-033](https://research.hks.harvard.edu/publications/getFile.aspx?Id=1078), July.  
Summaries: "[Emerging Market Target Practice](http://www.project-syndicate.org/commentary/jeffrey-frankel-shows-why-emerging-and-developing-countries--central-banks-should-target-nominal-gdp-growth)," [*Project Syndicate*](http://www.project-syndicate.org/contributor/jeffrey-frankel); *"Developing Countries Should Target Nominal GDP,"*[ *The Guardian,*](http://www.theguardian.com/business/2014/jun/24/emerging-developing-markets-work-targeting-ngdp) June 24, 2014. Extended version: "[Nominal GDP Targeting for Developing Countries](http://www.voxeu.org/article/nominal-gdp-targeting-developing-nations)," [*VoxEU,*](http://www.voxeu.org/person/jeffrey-frankel) Aug.21, 2014.

“Nominal-GDP Targets, Without Losing the Inflation Anchor,” in Richard Baldwin & Lucrezia Reichlin, eds., [*Is Inflation Targeting Dead: Central Banking After the Crisis*](http://www.voxeu.org/sites/default/files/file/P248%20inflation%20targeting%207%20may.pdf) (Centre for Economic Policy Research: London, 2013), 90-94.   
  
"[The Stabilizing Properties of a Nominal GNP Rule](http://hks.harvard.edu/fs/jfrankel/NOMGNP11.PDF)" [*Journal of Money, Credit and Banking*](http://www.jstor.org/journals/00222879.html) 27, no. 2, May 1995, 318-334. Reprinted in *Financial Markets and Monetary Policy* (MIT Press), 1995.

"A Two-Country Analysis of International Targeting of Nominal GNP," with Norbert Funke, *Rivista di Politica Economica* 83, no.3, April 1993, 69-106 (Rome, in English & Italian). Reprinted in volume edited by B.Baldassari, M. Di Mateo and R. Mundell (St.Martin's Press, NY), 1994.   
  
["International Nominal Targeting (INT): A Proposal for Monetary Policy Coordination in the 1990s,](http://hks.harvard.edu/fs/jfrankel/COORDLNJ.INT.PDF)" *The World Economy*, 13, no.2, June 1990 (United Kingdom), 263-273.   
  
"International Nominal Targeting (INT): A Proposal for Overcoming Obstacles to Policy Coordination," *Rivista di Politica Economica*, 79, 12 (Rome), Dec.1989, 257-94; and in M. Baldassarri, J.McCallum & R.Mundell, eds., *Global Disequilibrium in the World Economy*, 1992 (Macmillan Press, UK, & St.Martin's Press, NY).



 



 

 See also:- [ Nominal GDP Targeting ](/monetary-policy-terms/nominal-gdp-targeting)