The article compares two monetary strategies, inflation targeting and nominal income targeting, in a simple economic model. The researchers found that both strategies respond to demand shocks effectively, but differ in their response to supply shocks. Under inflation targeting, policymakers face a trade-off between stabilizing inflation and output, while under nominal income targeting, there is a constant trade-off between inflation and real output growth. The study also showed that these trade-offs remain consistent even when considering a two-period time lag in the model.