Nominal GNP: an anchor for monetary policy?
探讨名义GNP作为货币政策指导的理论吸引力,指出其主要优势是防止政策偏离长期价格稳定目标,但能否转化为实际政策仍存疑。
Nominal GNP has some theoretical appeal as a guide for monetary policy. Its principal strength is that it would prevent policy from drifting away from the long-run goal of price stability. However, whether policymakers can translate this theoretical appeal into an actual policy that improves economic performance is an open question.