Targeting Nominal Income Growth or Inflation
By H. Jensen. 2002
265 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/d883f82b3734b04b32d695c08aaba53e1ddfa6df
Citations in the corpus
- Speed Limit Policies: The Output Gap and Optimal Monetary Policy (2003, unknown): “If λ = λ, (7) and (9) imply that ax = a x .”
- The New Keynesian Phillips Curve: From Sticky Inflation to Sticky Prices (2008, unknown): “…by Fuhrer and Moore (1995), Roberts (1995), Fuhrer (1997), Yun (1996), Goodfriend and King (1997), Clarida et al. (1999), Gali and Gertler (1999), Jensen (2002), Mankiw and Reis (2002), Woodford (2003), and Christiano, Eichenbaum and Evans (2005), among others, have advanced understanding of the…”
- Monetary and Fiscal Policy Interactions in a Micro-Founded Model of a Monetary Union (2005, unknown): “To assess the welfare gain from fiscal stabilization in “real world terms,” we follow Lucas (1987) and compute the permanent (and constant) percentage change in the consumption gap that would produce a given difference in losses (this approach has recently also been applied in Jensen, 2002).”
- Do Capital Adequacy Requirements Matter for Monetary Policy (2008, unknown): “We set the discount factor d to be 0.96 rather than 0.99 in Jensen (2002).10 The difference between our benchmark (Policy Regime I) and alternative Policy Regime II mainly is a result of the fact that bank capital and deposits are both output sensitive.”
- Optimal monetary policy with the cost channel (2006, unknown): “For example, McCallum and Nelson (2000), Jensen (2002), and Walsh (2003b) set l 1⁄4 0:25.”
- Average Inflation Targeting (2005, unknown): “Other examples of such modified loss functions include nominal income growth targeting (Jensen, 1999) inflation-and-monetary targeting (Söderström, 2000) and inflation targeting cum interest rate smoothing (Woodford, 1999a). some indication of the robustness of the results from Section 3.6 The…”
- Opting Out of the Great Inflation: German Monetary Policy after the Break Down of Bretton Woods (2009, unknown): “See Jensen, 2002, p. 948.”