Construct · 1 fields · 1 citations

taylor rule: a standalone construct

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

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Macroeconomics

a monetary policy rule setting the policy rate in response to inflation's gap from target and the output gap.

In macroeconomics, taylor rule refers to a monetary policy rule setting the policy rate in response to inflation's gap from target and the output gap. This meaning comes from Taylor (1993) in Carnegie-Rochester Conference Series on Public Policy.[1]

Unit
Recovery means
Measured by

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Nearby constructs

gap5 fields · 5 citationsjingle · one word, five constructs inflation3 fields · 4 citationsjingle · one word, three constructs policy2 fields · 4 citationsjingle · one word, two constructs

References

Taylor, J. B. (1993). Discretion versus policy rules in practice. Carnegie-Rochester Conference Series on Public Policy, 39, 195-214. https://doi.org/10.1016/0167-2231(93)90009-l

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