English  |  正體中文  |  简体中文  |  Items with full text/Total items : 87924/117065 (75%)
Visitors : 23345941      Online Users : 61
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/23260


    Title: Targeting Nominal Income versus Targeting Price Level: A Target Zone Perspective
    Authors: 方中柔;Lai,Ching-Chong
    Fang,Chung-rou;Lai,Ching-chong
    Contributors: 政大經濟系
    Keywords: Nominal income targeting;Price targeting;Stochastic processes;Target zones
    Date: 2002-12
    Issue Date: 2009-01-09 12:15:50 (UTC+8)
    Abstract: Based on a simple stochastic macro model, this paper first addresses the relative stabilizing
    performance between targeting nominal income and targeting money supply from the viewpoint of target zones. Similar to the conclusion found in Bean [Econ. J. 93 (1983) 803.] and in West [Econ. J. 96 (1986) 1077.], upon the shock of a change in commodity production, the elasticity of aggregate demand to real money balances is the crucial factor for the desirability of targeting nominal income. Second, comparing nominal income with price target zones, we find that, with the plausible parameter values, a price target zone policy is a better strategy for price stabilization. However, a nominal income target zone policy will be the better choice for output stabilization.
    Relation: International Review of Economics & Finance,11(4),229-249
    Data Type: article
    Appears in Collections:[經濟學系] 期刊論文

    Files in This Item:

    File Description SizeFormat
    229249.pdf213KbAdobe PDF1001View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback