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Meanwhile other variables like nominal output, or nominal incomes, or unemployment) were changing in very worrying ways.
Mark J. Carney, the head of Canada's central bank and soon to be the governor of the Bank of England, also seems to be embracing the "whatever it takes" theory of communications: tying monetary policy to a single measure of overall economic health (like nominal income) rather than multiple metrics (inflation, inflation expectations, unemployment numbers) that may be even easier to understand.
I understand what he's doing: a lot of people aren't ready to face the realities here, so blurriness has its uses (and so do other targets, like nominal GDP, that are ultimately mainly about inflation but don't make that point explicitly).
If the Fed is worried about losing credibility in the event that it misses on its target to the upside, then it really should consider changing targets, either to a higher rate or to a level, of price or some other variable (yes, like nominal GDP).
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While taking out an ounce here and there may seem like a nominal adjustment, it adds up quickly.
Even though this may sound like a nominal amount, for a $50 million fund, a 2percentt capital commitment equates to $1 million.
Never accept an offer where you pay a fee in exchange for introductions and advice on how to pitch (unless it's like a nominal fee for $50, in which case try to void it as well).
In many languages, like English, nominal expressions headed by common nouns can be divided into two subtypes, mass expressions (like wine, silverware, wisdom) and count expressions (like cat, army, idea).
For a young company, it may seem like a nominal amount of revenue, but it has to show it can continue to grow a business built on the backs of a user behavior that companies have to chase — getting the information they need from a variety of different sources on the internet.
As an equation, it starts off like this: Nominal GDP ÷ Real GDP = Deflator ÷ 100.
Inflation-linked government bonds pay interest just like a regular (nominal) bond.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com