Chapters in this book

1. Frontmatter i
2. Contents vii
3. Acknowledgments ix
4. Introduction 1
5. 1. The Use of a Monetary Aggregate to Target Nominal GDP 7
6. 2. Nominal Income Targeting 71
7. 3. Nonstandard Indicators for Monetary Policy: Can Their Usefulness Be Judged from Forecasting Regressions? 95
8. 4. On Sticky Prices: Academic Theories Meet the Real World 117
9. 5. What Determines the Sacrifice Ratio? 155
10. 6. Measuring Core Inflation 195
11. 7. Monetary Policy and Bank Lending 221
12. 8. Historical Perspectives on the Monetary Transmission Mechanism 263
13. 9. Federal Reserve Policy: Cause and Effect 307
14. Contributors 335
15. Author Index 337
16. Subject Index 341