Csermely, Ágnes; Tóth, Máté Barnabás - In: MNB Bulletin 8 (2013) 2, pp. 7-11
‘nominal GDP targeting’, which many people believe is worth considering as a monetary policy option irrespective of the crisis …. This article presents an overview of the pros and cons of nominal GDP targeting. Overall, targeting a specific level of … nominal GDP could, in principle, help monetary policy to stabilise the real economy more effectively after the interest rate …