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NGDP Is Hot Hot Hot

Check out the shocking rise in popularity of targeting nominal gross domestic product (NGDP).

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This is from the Kauffman poll of econobloggers, so it's hardly representative of economists or the general public.

But a year ago, I'd say that hardly anyone had ever heard of NGDP targeting. Now it's got plurality of support among the econobloggers.

Probably too soon to call a bubble in NGDP, though.

(Hat tip: Felix Salmon)

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