Public pension outlays rising to over 10 percent of nominal GDP is a startling development.
In her Times essay, Romer calls on the Federal Reserve to begin targeting nominal GDP (NGDP).
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For instance, suppose that any losses in nominal GDP during recession are quickly recovered.
However, even stranger than the performance of RGDP has been the path of nominal GDP (NGDP).
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The deficit he was commenting on was less than the growth in nominal GDP.
Thus, the nominal GDP figures give perhaps a better impression of the true rate of growth.
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The average nominal GDP growth among these thirteen flat-tax countries was 21.8% in 2007.
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The BRIC countries generated nominal GDP growth of 15.5% on a weighted-average basis in 2011.
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Burns and the Nixonites decided that, to resolve the recession, nominal GDP should grow by 9%.
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There are 14 countries that have gone back in time, according to the nominal GDP indicator.
Nominal GDP rose 7% year-over-year in the second quarter, faster than any nominal growth in the 1990s.
An increase in velocity means that the same monetary base would support a higher level of nominal GDP.
Governments can increase their debt as long as the increase is less than the growth in nominal GDP.
This, in turn, produces excessive growth of nominal GDP (NGDP), and accelerating inflation.
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Also, most of the public don't have a clue what nominal GDP is, which is not a small objection.
Under the plan, Medicare spending may not rise by more than the growth of nominal GDP plus one percent.
The best measure of excess credit is the difference between the growth rate in bank credit and nominal GDP.
To achieve that undistinguished level, however, nominal GDP would have to grow an average of 5.52% annually over the next five years.
Nominal GDP (NGDP) growing at only 3.3%, like it did during 2Q2012, or at 2.2%, the average since 3Q2008.
That will drag down nominal GDP in the short term, and make budget cuts more difficult to carry out.
One such measure, nominal GDP, is a vital metric of governments' debt sustainability.
The purpose of stimulus is to increase demand (and thereby nominal GDP) over what it would have otherwise have been.
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Nominal GDP is where it was 17 years ago, and there have been no net new jobs for two decades.
And if inflation were to rise, then nominal GDP would surely expand alongside debt, keeping the ratio between them steady.
That pushes the burden up by 26% of GDP this year (or 21% of our projected nominal GDP in 2015).
To get there, with the monetary base unchanged, you would have to increase nominal GDP (mostly through price increases) by 70%.
Ryan would put a cap on the per capita growth of the premium support equal to nominal GDP growth plus 0.5%.
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Alternatively, the Fed could leave the monetary base alone, and allow prices to restore the balance between base money and nominal GDP.
Countries can elect to get their fiscal houses in order over time, getting the fiscal deficits below the growth of nominal GDP.
This 9% nominal GDP growth was to come via the printing press.
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