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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.
Comments (3)
  • Nominal GDP much easier to track than trying to encompass the
    vagaries of the GDP deflator...
    17 Apr 2012, 10:08 AM Reply Like
  • Crack addicts usually want to keep getting their crack. Sort of what makes them addicts, eh?
    17 Apr 2012, 10:21 AM Reply Like
  • I agree.
    17 Apr 2012, 10:29 AM Reply Like
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