Durand, Jean-Jacques; Payelle, Nathalie - In: Revue Économique 49 (1998) 3, pp. 665-675
[eng] Rules for monetary policy and nominal gnp targeting. application to the french case. . Different monetary policy rules have been considered, in order to achieve the ultimate goal of price stability. The solution proposed by McCallum, based on the nominal GNP as intermediate target, is...