Question
The Taylor Rule developed by economistJohn Taylor in 1992 and outlined in his 1993 study, Discretion Versus Policy Rules in Practice. In your own words
The Taylor Rule developed by economistJohn Taylor in 1992 and outlined in his 1993 study, "Discretion Versus Policy Rules in Practice." In your own words tell me 1) what the Taylor Rule is and 2) What are some of the issues in using the rule as a Monetary Policy guide? 3) What is your opinion as to its value to guide Monetary Policy?
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
