著者

KAZUMI ASAKO

出版者

JAPANESE ECONOMIC ASSOCIATION

雑誌

The Economic Studies Quarterly (ISSN:0557109X)

巻号頁・発行日

vol.42, no.2, pp.117-123, 1991-06-20 (Released:2008-02-28)

参考文献数

8

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Targeting nominal income is sometimes advocated over targeting money supply because the former is simply one step closer to the ultimate goal of the stabilization of real economic activity. The unsatisfactory records of achieving the money supply target itself are often criticized as well by the advocates of nominal income targeting. In this note, I shall show that the imprecise controllability of money supply per se is a factor against, rather than for, targeting nominal income. The presence of multiplier uncertainty leads to a similar conclusion.

著者

KAZUMI ASAKO

出版者

JAPANESE ECONOMIC ASSOCIATION

雑誌

The Economic Studies Quarterly (ISSN:0557109X)

巻号頁・発行日

vol.38, no.1, pp.46-60, 1987-03-20 (Released:2007-10-19)

参考文献数

17