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What does a Taylor Rule do for monetary policy? Explain the concept and the importance of the Taylor principle. than Consider a simple Taylor
What does a Taylor Rule do for monetary policy? Explain the concept and the importance of the Taylor principle. than Consider a simple Taylor Rule that considers only the inflation rate, it = f(t). What simple mathematical expression represents the Tay- lor Principle and why must this expression hold?
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Taylor Rule in Monetary Policy The Taylor Rule is a guideline for monetary policy that suggests how central banks should adjust their nominal interest ...
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
