4 pages matching nominal GDP in this book
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actual employment affecting real Aizenman and Frenkel Bean Birkbeck College carries no weight Centre for Economic Charlie Bean Clare College competitive equilibrium cost of monetary cost of unemployment deviations domestic interest rates Economic Policy Research Elchengreen equation exchange rate depreciations external disturbances flexible exchange rates full employment G S Alogoskoufis incomes policy interest parity condition interest rate shocks labour supply ln addition Macroeconomic minimize monetary instability monetary policy monetary stability carries monetary stability objective money demand shocks money supply targets nominal GDP nominal income targets nominal wages objective function optimal policy optimal stabilization policy output or employment Phillips Curve policy and nominal policy instrument policy rule price level product wage public employment Rational Expectations real wages second best side fiscal policy Small Open Economy social welfare function supply side fiscal traded goods sector transitory shock velocity of money wage adjustment welfare cost welfare losses caused world interest rate