Taylor Rule
Economics, Monetary Policy, Nominal Interest Rate
978-613-7-90179-3
6137901793
212
2011-10-12
54,00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. In economics, a Taylor rule is a monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response to changes in inflation, output, or other economic conditions. In particular, the rule stipulates that for each one-percent increase in inflation, the central bank should raise the nominal interest rate by more than one percentage point. This aspect of the rule is often called the Taylor principle.
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