Nominal GDP Targeting in Sweden - A New Keynesian DSGE Model Approach
Since the end of the Great Moderation, there has been a great surge in studies proposing alternatives to the current dominant monetary policy regime of inflation targeting. One popular such alternative has become NGDP targeting. However, as studies tend to gravitate towards larger economies, an unintended side effect has become a significant degree of homogeneity in regards to the economic setting
