Talk:Nominal income target

Initial feedback[edit]

Nominal income targeting is a non-standard view, which I don't think the article properly reflects. Some issues I have:

Lede: "Such targets are adopted" in the intro could be read as implying that nominal Y targets are being adopted; views are referred to as being "popularized" despite not actually being popular.
The policy issue is obscured by a "discussion" "optimal conditions" for targeting with a "conclusion" that "nominal income target." This is a claim by a single economist based on a deductive model (which is forty years old). It's given too much space and the wording implies it's a consensus view.
The section euphemistically named "Central Bank discussion," which contains some salient critiques of nominal Y targeting is instead written in a way that implies that "discussion" (or non-adoption) should lend legitimacy to the idea.
Most importantly, there's a support section without a critiques section, which is facially unbalanced. It's listing a series of bloggers of varying levels of notoriety (and the more notable ones "seemed to suggest" they were for it, were "attracted to the idea but didn't elaborate," etc.) It's pretty thin.

In short, I think the article should be substantially revised:

What is nominal Y targeting (without all the stuff about monetary policy targeting)
Brief history; prevalence (none, last time I checked?)
Pros of nominal Y targeting vs other targets
Cons and critiques of nominal Y targeting