Construct · 1 fields · 1 citations

Taylor curve: a standalone construct

One name. One construct. A landmark on the map.

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Monetary economics

the tradeoff faced by monetary policy between the variance of inflation and the variance of output.

In monetary economics, Taylor curve refers to the tradeoff faced by monetary policy between the variance of inflation and the variance of output. This meaning comes from Taylor (1979) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

inflation3 fields · 4 citationsjingle · one word, three constructs policy2 fields · 4 citationsjingle · one word, two constructs variance4 fields · 6 citationsjingle · one word, four constructs

References

Taylor, J. B. (1979). Estimation and Control of a Macroeconomic Model with Rational Expectations. Econometrica, 47(5), 1267. https://doi.org/10.2307/1911962

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