As the Fed approaches its next framework review, there are numerous modifications the central bank could consider to further enhance its current monetary policy framework. If inflation is ...

David and Carola specifically discuss the history of inflation in the US, the advantages of adopting a nominal GDP targeting regime, what to expect from the Fed’s upcoming framework review, and more.

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Nominal means unadjusted for inflation or simply a face value in finance. Nominal fees are minor compared to the main product or service cost. Market values of stocks and bonds can differ ...