Among 4 trends in central banking looked at by Kate Mackenzie is a move towards nominal GDP...
Among 4 trends in central banking looked at by Kate Mackenzie is a move towards nominal GDP targeting (and away from inflation targeting). The RBI took the baton last night, focusing on slowing GDP and cutting rates even as inflation remains high. The Fed and the BOE have shown their inclination towards this line of thinking as well.
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Video at CNBC.com (Sep 11, 2015)
at CNBC.com (Jun 8, 2015)
Video at CNBC.com (May 29, 2015)
Video at CNBC.com (Mar 19, 2015)
at CNBC.com (Jan 14, 2015)
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