a nominal GDP target, which automatically divides an adverse supply shock equally between impacts on inflation and real …It has been proposed that central banks should target Nominal GDP (NGDP),as an alternative to targeting the money … supply, exchange rate,or inflation. But the proposal appears in the context of the largest advanced economies. In fact NGDP …

balance between growth and inflation. It should be read and understood together with the detailed review in Macroeconomic and …

This paper explores the relationship between inflation and relative price variability (RPV) by using disaggregated CPI … inflation and RPV; (a) visual assessment through scatter plots; (b) rolling regression analysis, and (c) Bai-Perron multiple …