Sentence examples for gdp targeting from inspiring English sources

Mr Carney has hinted at switching away from inflation-targeting to nominal GDP targeting; an interesting concept when GDP gets revised up and down so often.

NOMINAL GDP targeting is not a new idea.

Nominal GDP targeting is quite a lot like that.

11.49am GMT Nominal GDP targeting can be useful in the exceptional circumstances that the UK finds itself in, says Carney.

But he says there are advantages to nominal GDP targeting, which could allow for higher inflation in case of a slump.

But he says, My inclination is that flexible inflation targeting – potentially deployed in a slightly different way – would remain superior [to nominal GDP targeting].

Since then the focus has moved on to inflation or, recently, nominal-GDP targeting.

Another former U.K. rate-setter and arch-dove, David Blanchflower, has pointed out that even if nominal-GDP targeting was a good idea in theory, it is a bad idea in practice because nominal GDP is hard to measure and prone to large revisions.

(Saroj Bhattarai, Gauti Eggertsson, and Raphael Schoenle) The close connection between nominal-GDP targeting and the Taylor rule (Evan Koenig) The role of speculation in oil markets (Bassam Fattouh, Lutz Kilian, and Lavan Mahadeva) Low tax rates and economic growth (Filip Spagnoli).

That is where the nominal GDP target comes in.

Q: But you must have an opinion on replacing the inflation target with a GDP target?