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George Selgin Defends Nominal GDP Targeting

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[unable to retrieve full-text content]The title to this post is a link to George Selgin’s Twitter thread. I write about nominal GDP targeting in Optimal Monetary Policy: Could the Next Big Idea Come from the Blogosphere?I tell my students—based on the equation of exchange MV = PY, that nominal GDP targeting (targeting PY) can also be described equivalently as targeting the velocity-adjusted money supply MV. Permalink

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The title to this post is a link to George Selgin’s Twitter thread.

I write about nominal GDP targeting in

I tell my students—based on the equation of exchange MV = PY, that nominal GDP targeting (targeting PY) can also be described equivalently as targeting the velocity-adjusted money supply MV.

Permalink

Miles Kimball
Miles Kimball is Professor of Economics and Survey Research at the University of Michigan. Politically, Miles is an independent who grew up in an apolitical family. He holds many strong opinions—open to revision in response to cogent arguments—that do not line up neatly with either the Republican or Democratic Party.

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