Explain Heterodox monetary policy: Target nominal GDP

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.topic?Heterodox monetary policy: Target nominal GDP

please read and use some of resource below
HYPERLINK https://www.nbs.sk/_img/Documents/_PUBLIK_NBS_FSR/Biatec/Rok2013/03-2013/02_biatec13-3_sivak.pdf

HYPERLINK \”https://www.imf.org/external/pubs/ft/spn/2010/spn1003.pdf\” https://www.imf.org/external/pubs/ft/spn/2010/spn1003.pdf

HYPERLINK \”https://voxeu.org/article/inflation-targeting-vs-price-level-targeting\” https://voxeu.org/article/inflation-targeting-vs-price-level-targeting

For developing countries: HYPERLINK \”https://www.hks.harvard.edu/fs/jfrankel/NGDPT-%20IndiaPBJF2015.pdf\” https://www.hks.harvard.edu/fs/jfrankel/NGDPT-%20IndiaPBJF2015.pdf

You will notice that that some of these topics received a more formal or theoretical treatment than others. This does not necessarily owe to some inherent difference among them but to the fact that, for historical reasons, some form part of an established academic corpus (1, popular with heterodox schools of economic thought (1

You research should primarily be oriented towards academic peer-reviewed journals and, occasionally, towards policy oriented publications (central banks, international organizations such as the BIS, the IMF, etc. and high-brow publications with a focus on economic analysis such as The Economist, the Wall Street Journal, the Financial Times, etc. -). Having said that, we live in a world that is considerably more eclectic and less credential than in the recent past, one implication being that highly interesting pieces are also published on non-peer-reviewed blogs (think, for instance, of the blogs of authoritative economists). As a result, you are more or less free to use the sources you judge appropriate as long as they offer analysis of comparable calibre (in terms of depth, subtlety, accuracy, etc.) to the one of peer-reviewed academic journals.
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