inflation target Archives

nominal GDP, NGDP target, monetary policy, Federal Reserve, inflation target

Economic Thought, Money & Politics, The Fed & Central Banks

Some "Serious" Theoretical Writings that Favor NGDP Targeting

George Selgin/June 19, 2018June 24, 2018 /31 Comments

On Twitter last week Stephen Williamson wrote that he was "puzzled by the infatuation with NGDP targeting. We have good reasons to care about the path for the price level and the path for real GDP. Idea seems to be that if you smooth Py … you…

inflation, deflation, ioer, fed, floor system, deflation bias, wicksell, monetary policy, excess reserves, NGDP

Economic Thought, Inflation & Deflation, The Fed & Central Banks

The Two-Per-Cent Solution

George Selgin/September 19, 2017January 15, 2018 /34 Comments

The Fed’s persistent failure to reach its 2 percent inflation target ever since that target was first made explicit in 2012 has elicited a great deal of commentary in the last couple months, from economists, journalists, and some Fed officials themselves. And well it ought to, for…

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Ideas for an Alternative Monetary Future

inflation target

Some "Serious" Theoretical Writings that Favor NGDP Targeting

The Two-Per-Cent Solution