Nominal GDP (NGDP) targeting has received a lot of attention over the past decade. This note provides a brief review of …

between the Treasury bill rate and nominal GDP for monetary policy. The idea comes from Salomon Brothers, who think that it is …, basing this claim on this spread's strong, negative correlation with real GDP growth. Empirically, there appears to be little …-looking model for inflation and output, augmented with alternative interest rate rules. On the whole, although the economy remains …

fixed capital formation nexus: Effects of the interest rate and monetary policy credibility channels -- Chapter 7 Inflation … targeting band, the government debt and capital formation nexus in South Africa -- Chapter 8 Do high government debt-to-GDP … regimes propagate the adverse macro-economic effects of high budget deficit regimes? -- Chapter 9 Debt-to-GDP ratio …