Optimal Taylor rule in the new era central banking perspective
The Taylor rule is a simple monetary policy rule that specifies how central banks should adjust policy interest rate in response to inflation deviation and output gap. However, with the change in the central role of central banks in the economy after the 2008 global crisis, alternative monetary poli...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2020-03-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1445.pdf
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