The public would need to be fully conversant with the implications of the regime and trust policy-makers to live up to their commitment. These conditions may not be met. In the worst case, if nominal GDP targeting is not fully understood or credible, it can, in fact, be destabilizing.
The public disclosure of price information under HMDA - in the form of spreads between the annual percentage rate (APR) on a loan and the rate on Treasury securities of comparable maturity - is designed to ensure that the data continue to be useful in improving market efficiency and legal compliance.