What is meant by a Taylor rule? In what way is it a better rule for central

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What is meant by a Taylor rule? In what way is it a better rule for central banks to follow than one of adhering to a simple inflation target?

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Essential Economics For Business

ISBN: 9781292728940

7th Edition

Authors: John Sloman, Elizabeth Jones

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Question Posted: Mar 24, 2024 08:00 AM

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What is meant by a Taylor rule? In what way is it a better rule for central

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A Taylor rule takes two objectives into account 1 inflation and 2 either real GDP or une...View the full answer

Essential Economics For Business

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