Tag Archives: NGDP

Opinion: The case for NGDP targeting (1)

The Times is reporting that the Treasury is setting up an internal unit to look into the wisdom of revising the Bank of England’s ‘flexible’ 2% CPI inflation target. Mark Carney, the incoming Governor of the Bank who will replace Mervyn King in June, mentioned the merits of adopting NGDP (National Gross Domestic Product) level targeting in a speech last December, launching a frenzy of speculation.

Considering the enormous effect expectations of future monetary policy changes have had in places such as Japan, it may be that the talk of NGDP targeting is partly behind the …

Posted in Op-eds | 11 Comments
Advert



Recent Comments

  • User AvatarCatherine Jane Crosland 28th Jun - 5:42pm
    Also I think to some extent Nicola Sturgeon is using the result as an excuse for the second referendum on Independence that she wanted anyway....
  • User AvatarLeave EU 28th Jun - 5:38pm
    Nigel Farage EU speech. https://www.facebook.com/nigelfarageofficial/videos/1056952377685698/
  • User AvatarAndrewR 28th Jun - 5:37pm
    @David Evershed When the leave campaign said "We want our country back" what exactly do you think that meant? Are you really, genuinely, surprised that...
  • User AvatarMichael BG 28th Jun - 5:34pm
    @ Bill le Breton If we join the EEA (Norway-like) then being in favour of being a full member of the EU would make sense,...
  • User AvatarLiam Birch 28th Jun - 5:30pm
    "We need to be an inclusive party, regardless of...Brexit vote choice" It appears Mr. Farron does not agree. Such a pity.
  • User AvatarCatherine Jane Crosland 28th Jun - 5:24pm
    Matt, I don't think even the possible break - up of the UK is actually a "new" reason to ask the public to reconsider. It...