9. Describe the Taylor rule. What are the variables that determine the recommended interest rate according to

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9. Describe the Taylor rule. What are the variables that determine the recommended interest rate according to the rule? How has the rule performed historically? 10. How does the use of inflation targeting improve central bank credibility? What is the main disadvantage of inflation targetin

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Macroeconomics Value Edition

ISBN: 978-0136114895

7th Edition

Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore

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