A boom in employment & output is the inducement
"If you substitute “inflation target” for “NGDP Level target” you get the same result in a simpler and more effective (and proven) way!"
And yet, sadly, policymakers and central bankers continue to turn a blind eye.
Reviving a higher inflation target proposal
"If you substitute “inflation target” for “NGDP Level target” you get the same result in a simpler and more effective (and proven) way!"
And yet, sadly, policymakers and central bankers continue to turn a blind eye.