Question
Recently inflation has started picking up in the UK. According to the Taylor principle, how should the Bank of England respond to this and why?
Recently inflation has started picking up in the UK. According to the Taylor principle, how should the Bank of England respond to this and why? Are there any good reasons why the Bank should not follow the Taylor principle in this case? Explain your answer.
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Economics
Authors: John Sloman, Jon Guest, Dean Garratt
10th edition
1292187859, 9781292187907 , 978-1292187853
