NOMTNot on My Time
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The psychologists also used performance on several IQ-related tests and determined that the visual ability measured on the NOMT is distinct from and independent of general intelligence.
where int is the policy rate, nom is nominal GDP, nomt is targeted nominal GDP, infl is inflation and inft is targeted inflation.
These rules feed back on a nominal aggregate (NOM) as compared to target (NOMT) or the price level (P) as compared to target (PT), on the output gap (OG) and on the deviation of inflation (INF) from target (INFT) (see Barrell, Hall and Hurst, 2006).