tag:blogger.com,1999:blog-5713178645208582139.post641955562560135270..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: What the Fed is Avoiding in its Bubble DiscussionsDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5713178645208582139.post-69311019356569357472008-05-20T08:54:00.000-05:002008-05-20T08:54:00.000-05:00My understanding was that JohnTaylor proposed the ...My understanding was that John<BR/>Taylor proposed the optimality of<BR/>his famous "rule" by testing its performance compared to other rules<BR/>in an estimated macro model.<BR/>I dont know if nominal income targeting was one of the alternatives he tried but it would be intriguing to see how it performed, at least in a computer simulated economy?Anonymousnoreply@blogger.com