Economics, Econometrics and Finance
4 years ago

Taylor Rule in 1970s Fails to Stabilize Inflation and Economy

SSRN Electronic Journal
Activist Stabilization Policy and Inflation: The Taylor Rule in the 1970s
Athanasios Orphanides

Paper Summary

Related papers

Economics, Econometrics and Finance
4 years ago

Is the Fed Too Timid? Study Urges More Aggressive Monetary Policy

Macroeconomic Analysis
Macroeconomic Trends
Fiscal Policy
2 views
Economics, Econometrics and Finance
4 years ago

CNB Monetary Policy Tied to ECB Actions, Impacting Czech Economy

Macroeconomic Analysis
Fiscal Policy
Oil Price Shocks
2 views
Economics, Econometrics and Finance
5 years ago

Monetary policy in Turkey remains unchanged since the 1990s, study finds.

Macroeconomic Analysis
Macroeconomic Trends
International Finance
1 view

The Taylor Rule, a strategy for stabilizing inflation and economic stability, was tested using 1970s data. The policy settings suggested by the rule during that time were similar to actual policy. This raises questions about the effectiveness of the Taylor Rule for monetary policy in the 1970s.