Essays about: "NGDP"

Found 2 essays containing the word NGDP.

1. 1. Forecasting, Monetary Policy, Nominal Gross Domestic Product Stability, and Macroeconomic Outcomes in a suboptimal currency area. : An examination of the Eurozone

   University essay from Jönköping University/Internationella Handelshögskolan

   Author : Layton Nyanzi Mukwaya; Jordi Garcia Martinez; [2023]
   Keywords : Macroeconomics Nominal GDP;

   Abstract : The purpose of this paper is the examination of whether a strategy of using forecasts to stabilise the Nominal Gross Domestic Product (NGDP) growth rate as a nominal anchor, through a rules-based approach to monetary policy is viable in the Eurozone. The paper uses a modified Taylor rule, that uses NGDP forecasts as a variable to generate a prescribed interest rate from which the interest rate set by the European Central Bank (ECB) is subtracted to create a variable we call the Rate Gap. READ MORE

3. 2. Nominal GDP Targeting in Sweden - A New Keynesian DSGE Model Approach

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Henric Nicklasson; [2021]
   Keywords : NGDP; NGDP Targeting; DSGE; Monetary Policy; Sweden; Business and Economics;

   Abstract : Since the end of the Great Moderation, there has been a great surge in studies proposing alternatives to the current dominant monetary policy regime of inflation targeting. One popular such alternative has become NGDP targeting. READ MORE