Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
monetary policy rule
|
| gptkbp:alternativeTo |
gptkb:Taylor_Rule
|
| gptkbp:appliesTo |
monetary base
|
| gptkbp:citation |
central banking literature
|
| gptkbp:focusesOn |
monetary aggregates
|
| gptkbp:form |
gptkb:nominal_GDP_target
target inflation rate long-run average growth rate of real GDP velocity of base money |
| https://www.w3.org/2000/01/rdf-schema#label |
McCallum Rule
|
| gptkbp:influencedBy |
gptkb:monetarist_theory
|
| gptkbp:proposedBy |
gptkb:Bennett_T._McCallum
1988 |
| gptkbp:purpose |
guide central bank monetary base growth
|
| gptkbp:recommendation |
adjusting monetary base growth to stabilize nominal GDP
|
| gptkbp:usedIn |
macroeconomics
|
| gptkbp:bfsParent |
gptkb:Monetary_Policy_Rules
gptkb:Daniel_McCallum |
| gptkbp:bfsLayer |
6
|