A central feature of monetary policy strategies in all countries is the use of a nominal variable that monetary policymakers use as an intermediate target to achieve an ultimate goal such as price stability. Such a variable is called a nominal

Nominal anchor

Step-by-step explanation:

A nominal anchor is a nominal variable such as the inflation rate or the money supply, it achieves price stability by tying down price levels. It provides conditions for tying down prices. It promoted stability in prices by keeping inflation expectations low. An Example of nominal anchor is target inflation rate or target money supply

three types of nominal anchors are:

1. the exchange rate anchor,

2. inflation anchor and

3. monetary aggregates anchor

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step-by-step explanation:

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