Nominal gdp targeting differ from real gdp targeting

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(a) How does nominal GDP targeting differ from real GDP targeting? Why is real GDP targeting the riskier of the two strategies?

(b) Currently, no major central bank closely targets the money supply. Why do you think this is the case? Still, no major central bank completely ignores money growth? Why?(a) How does nominal GDP targeting differ from real GDP targeting? Why is real GDP targeting the riskier of the two strategies?

Reference no: EM131164483

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