You might find the two papers below helpful in your question. Good luck.
Dear colleagues, does anyone have material about nominal GDP target?
I'm trying to understand this kind of targeting system, over a MMT view.
Maybe this kind of policy applied to brazilian economy will be the subject of my dissertation. I'm still thinking.
Thanks in advance.
John F. Henry
Department of Economics
University of Missouri-Kansas City
5100 Rockhill Road
Kansas City, MO 64110-2499
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Office Phone: (816) 235-1309
Department Phone: (816) 235-2405
Fax: (816) 235-2834