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A nominal income target is a monetary policy target. Such targets are adopted by central banks to manage national economic activity. Nominal aggregates are not adjusted for inflation. Nominal income aggregates that can serve as targets include nominal gross domestic product (NGDP) and nominal gross domestic income (GDI). Central banks use a variety of techniques to hit their targets, including conventional tools such as interest rate targeting or open market operations, unconventional tools such as quantitative easing or interest rates on excess reserves and expectations management to hit its target. The concept of NGDP targeting was formally proposed by Neo-Keynesian economists James Meade in 1977 and James Tobin in 1980, although Austrian economist Friedrich Hayek argued in favor of the

Attributes	Values
rdf:type	military conflict
rdfs:label	名目所得ターゲット (ja) Nominal income target (en)
rdfs:comment	名目所得ターゲット (めいもくしょとくターゲット、英: nominal income target) は、中央銀行による政策のひとつであり、将来の所得水準に関する目標を定めたものである。NGDPターゲット、名目所得目標とも呼ばれる。 (ja) A nominal income target is a monetary policy target. Such targets are adopted by central banks to manage national economic activity. Nominal aggregates are not adjusted for inflation. Nominal income aggregates that can serve as targets include nominal gross domestic product (NGDP) and nominal gross domestic income (GDI). Central banks use a variety of techniques to hit their targets, including conventional tools such as interest rate targeting or open market operations, unconventional tools such as quantitative easing or interest rates on excess reserves and expectations management to hit its target. The concept of NGDP targeting was formally proposed by Neo-Keynesian economists James Meade in 1977 and James Tobin in 1980, although Austrian economist Friedrich Hayek argued in favor of the (en)
dcterms:subject	Central banks Monetary policy
Wikipage page ID	33435649 (xsd:integer)
Wikipage revision ID	1116610764 (xsd:integer)
Link from a Wikipage to another Wikipage	Project Syndicate Scott Sumner Monsoon Neo-Keynesian economics Bill Woolsey Deflation Developing country John Quiggin Reserve Bank of New Zealand United Kingdom Vince Cable David Glasner Inflation Inflation targeting Open market operations Friedrich Hayek Commodity Demand shock Federal Open Market Committee Market monetarism Bank of England Central banks Tyler Cowen Wiley-Blackwell Secretary of State for Business, Innovation and Skills Federal Reserve Federal Reserve Bank of Chicago Central bank Discretionary policy Natural disaster The Economic Journal Quantitative easing James Meade James Tobin Jeffrey Frankel Monetary policy Charles L. Evans Charlie Bean (economist) Larry Kudlow Lawrence Summers Blog Terms of trade Austrian School Great Moderation Gross domestic income Gross domestic product IMF Mercatus Center Supply shock Excess reserves Monetarism National Review Online Federal reserve Oil prices 2008 financial crisis Social unrest Monetary aggregate Monetary expansion
Link from a Wikipage to an external page	http://www.themoneyillusion.com/ https://www.kansascityfed.org/publicat/sympos/2012/mw.pdf%3Fsm=jh083112-4 http://shadowfed.org/wp-content/uploads/2011/10/McCallum-SOMCOct2011.pdf http://mercatus.org/publication/market-driven-nominal-gdp-targeting-regime%7Ctitle http://www.bankofengland.co.uk/publications/Documents/speeches/2013/speech640.pdf%7Ctitle=Nominal http://macromarketmusings.blogspot.com/2011/08/how-would-monetary-stimulus-help.html https://web.archive.org/web/20120901202812/http:/kansascityfed.org/publicat/sympos/2012/mw.pdf%3Fsm=jh083112-4 https://www.nytimes.com/2011/10/30/business/economy/ben-bernanke-needs-a-volcker-moment.html%3F_r=1 https://www.nytimes.com/2012/06/10/business/its-the-feds-time-to-step-up-economic-view.html http://www.economist.com/node/21526886 http://www.nationalreview.com/articles/253160/hard-money-ramesh-ponnuru https://www.project-syndicate.org/blog/nominal-gdp-targeting-is-left--right%3Fbarrier=accessreg
sameAs	Nominal income target Nominal income target Nominal income target Nominal income target Nominal income target Nominal income target Nominal income target
dbp:wikiPageUsesTemplate	dbt:Citation dbt:Cite_news dbt:Cite_web dbt:More_footnotes dbt:Multiple_issues dbt:POV dbt:Reflist dbt:Refn dbt:Snd
has abstract	A nominal income target is a monetary policy target. Such targets are adopted by central banks to manage national economic activity. Nominal aggregates are not adjusted for inflation. Nominal income aggregates that can serve as targets include nominal gross domestic product (NGDP) and nominal gross domestic income (GDI). Central banks use a variety of techniques to hit their targets, including conventional tools such as interest rate targeting or open market operations, unconventional tools such as quantitative easing or interest rates on excess reserves and expectations management to hit its target. The concept of NGDP targeting was formally proposed by Neo-Keynesian economists James Meade in 1977 and James Tobin in 1980, although Austrian economist Friedrich Hayek argued in favor of the stabilization of nominal income as a monetary policy norm as early as 1931 and as late as 1975. The concept was resuscitated and popularized in the wake of the 2008 financial crash by a group of economists (most notably Scott Sumner) who came to be known as the market monetarists. They claimed that the crisis would have been far less severe had central banks adopted some form of nominal income targeting. (en) 名目所得ターゲット (めいもくしょとくターゲット、英: nominal income target) は、中央銀行による政策のひとつであり、将来の所得水準に関する目標を定めたものである。NGDPターゲット、名目所得目標とも呼ばれる。 (ja)
gold:hypernym	Target
prov:wasDerivedFrom	wikipedia-en:Nominal_income_target?oldid=1116610764&ns=0
page length (characters) of wiki page	25461 (xsd:nonNegativeInteger)

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