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DBpedia 2016-04

Query DBpedia 2016-04 by triple pattern

Matches in DBpedia 2016-04 for { ?s ?p "A nominal income target is a monetary policy target. Such targets are adopted by central banks to manage national economic activity. Nominal aggregates are not adjusted for inflation. Nominal income aggregates that can serve as targets include nominal gross domestic product (NGDP) and nominal gross domestic income (GDI). Central banks use a variety of techniques to hit their targets, including conventional tools such as interest rate targeting or open market operations, unconventional tools such as quantitative easing or interest rates on excess reserves and expectations management to hit its target. The concept of NGDP targeting was originally proposed by James Meade (1978) and James Tobin (1980).The concept was resuscitated and popularized in the wake of the 2008 financial crash by a group (school) that came to be known as the Market Monetarists. They claimed that the crisis would have been far less severe had central banks adopted some form of nominal income targeting."@en }

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