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10 results for "Nominal GDP Targeting"

10 results for "Nominal GDP Targeting"

Nominal GDP Targeting

Page
Nominal GDP Targeting “ Should the Fed Be Constrained?” forthcoming, Cato Journal, 39, no.2, Spring/summer, 2019. Proofs. HKS RWP 19-003, Dec. 2018. Session on “Should the Fed Be Subject to a Monetary Rule?” Monetary Policy 10 Years After the Crisis, 36...

Nominal GDP Targeting for Middle-Income Countries
Journal Article
It has been proposed that central banks should target Nominal GDP (NGDP), as an alternative to targeting the money supply, exchange rate, or inflation. But the proposal appears in the context of the largest advanced economies. In fact NGDP Targeting may...

Nominal GDP Targeting for Developing Countries
Journal

The revival of interest in nominal GDP (NGDP) targeting has come in the context of large advanced economies. We consider the case for NGDP targeting for mid-sized developing countries, in light of their susceptibility to supply shocks and terms of trade...

Publications on Monetary Policy

Page
" Trump's Taylor Rule," Statistical analysis, with Sohaib Nasim. HKS. July 2025. “ Should the Fed Be Constrained?” Cato Journal, 39, no.2, Spring/summer, 2019. Proofs. Abstract. HKS RWP 19-003, Dec. 2018. Frankel J, and Saiki A. "Does it Matter if...

Should the Fed Be Constrained?
Journal Article

Two distinct questions concern the desirability of constraints on the monetary authorities. (1) To what extent should the central bank be constrained, versus being allowed full discretion? (2) To whatever extent it is to be constrained, should it be by a...

Monetary policy & the business cycle

Page
" Trump's Taylor Rule ," Statistical analysis, with Sohaib Nasim. HKS. July 2025. " Did the Fed Rein in Inflation?, The Guardian, Nov.20. " Does the Fed Get Credit for Disinflation?" Seeking Alpha, Nov. 2023. " Is the Era of Zero Interest Rates Gone for...

Additional Publications on Developing Countries

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" Nominal GDP Targeting for Developing Countries," with Pranjul Bhandari, Research in Economics, Sept. 2017. NBER WP 20898. Revised from “The Best of Rules and Discretion: A Case for Nominal GDP Targeting in India,” CID WP No. 284, HKS. "Mauritius...

Publications on Developing Countries

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" Is the language of rights useful for reducing poverty?" Dec. 2023, in Making a Movement: The History and Future of Human Rights (Carr Center for Human Rights, HKS: Cambridge MA), pp. 55-56. “ Resuscitating the Salter-Swan model of a small open economy,”...

News Media

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Video Appearances - 2000-2025 - White House, 1997-98 - (on C-Span). - The Economics of Everything - Son, Evan, interviewing me in a series of 1-min. clips. starting Nov. 2025. On Trump 2: " US Labor Slowdown Hits Tax Base for Debt," Chosun Daily, Jan 8...