Sentences with phrase «domestic final sales»

[10] In his 1992 Cato Journal article, «Political Guidance on Monetary Policy,» Niskanen examined three viable monetary rules: (1) targeting the price of gold or a broad price index, (2) targeting a monetary aggregate, and (3) targeting nominal GDP or domestic final sales.

His preferred rule, however, is to minimize «the variance around an approved target path of nominal domestic final sales» — an objective that «is probably the most that can be expected of monetary policy» (p. 285).

Not exact matches

During the «Great Moderation» (1987 — 2006), under Fed chairman Alan Greenspan, the trend rate of growth of final demand, as measured by nominal final sales to domestic purchasers (FSDP), was 5.4 percent per year — split into real growth of 3 percent and inflation of 2.4 percent.

[9] Final sales to domestic producers (FSDP) is defined as «the sum of nominal gross domestic product plus imports minus exports minus the change in private inventories.»

Stripping out those items, the two most volatile components of GDP, so - called final sales to domestic purchasers increased at a 2.1 percent rate, compared with the prior estimate of a 1.7 percent pace.