Hassan, Shakill; Loewald, Chris - Economic Research Southern Africa (ERSA) - 2013
adopting nominal income targeting as the monetary policy framework. These include issues on the choice of a target level, risk …. Responsiveness to output growth and supply shocks -–two important attractions of nominal income targeting - can be largely …‡ation targeting, to adopt nominal income targeting, in South Africa and other emerging economies, is not compelling. …