TITLE

A note on nominal GNP targeting and the price level elasticity of aggregate demand

AUTHOR(S)
Kyer, Ben L.; Maggs, Gary E.
PUB. DATE
March 1993
SOURCE
Atlantic Economic Journal;Mar1993, Vol. 21 Issue 1, p105
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Demonstrate the proposition that when the monetary policy of targeting the level nominal GNP within an environment of aggregate supply shocks, the price level elasticity of aggregate demand determines the direction of change of nominal GNP, and there, the proper direction of monetary policy. Function of nominal GNP; Macroeconomics assumption on aggregate demand.
ACCESSION #
9602290802

 

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