Metas para o PIB nominal (em Inglês)

Já tinha escrito sobre o tema aqui; continuando a série que estou fazendo para o GES, fiz uma atualização em Inglês. Trecho:

Believing in NGDP targeting depends on several questionable premises. One of them is, to quote Lars Christensen, that recessions are monetary phenomena, i.e., they are mainly caused by overly tight monetary policy. NGDP targeting looks like a way to follow an old prescription from Milton Friedman (the “k-percent rule“): let the monetary base grow at a reasonable, constant rate, and the economy will take care of itself.