Given that the Fed has an announced inflation target of 2%, and the normal real growth rate of the economy is 3%, the Fed is widely believed to target for an NGDP growth rate of 5%.
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In the three months to July earnings were 4.7% higher than a year before, and the Bank worries about anything above 4.5% the sum of the inflation target and the long-run rate of productivity growth, about 2%.
From 2015 to 2019, the target growth rate is an average of medical inflation and overall inflation.
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The target growth rate for the company of which he's chief executive, Health Management Associates , is two to four hospitals a year.
Given that our economy grew at 3.87% during the Bretton Woods period, America should target for a long-term GDP growth rate of no less than 3.5%.
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That could include increasing government-bond purchases, or setting itself a monetary target not just based on a positive inflation rate, but on robust growth of nominal GDP.
In fiscal 2011, more than a third of private colleges and universities rated by Moody's Investors Service failed to post tuition revenue growth at or above the Federal Reserve's target 2% rate of inflation.
Under the new law this group is to make recommendations to Congress on how to reduce the rate of growth in spending per head in Medicare if that expenditure exceeds a target figure.
Vietnam's inflation target is not very exacting: the aim is only that it should fall below the rate of economic growth.
The Item Club also says that the government's choices include sticking to the current inflation target of 2% - which could mean no more interest rate cuts for some time, and therefore lower economic growth.
Now to be clear I think the primary driver of low interest rates across the board is the presumption of weak nominal growth and that weak growth leading the Federal Reserve to keep a low interest rate target.
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