Monetary policymakers have long relied on Taylor-type rules to guide decisions, but a new study suggests that blindly following these rules may not always be the best approach. By introducing a new rule that considers past inflation rates and their rate of change, policymakers can potentially reduce the severity of recessions caused by high and rising inflation. Ignoring these past inflation rates, as Taylor-type rules do, can lead to higher unemployment rates and more severe recessions. In summary, there are times when it is beneficial for policymakers to deviate from traditional Taylor-type rules in order to improve economic outcomes.