X-Nico

unusual facts about Taylor rule



Athanasios Orphanides

Orphanides has argued against output-gap-based policy rules, such as the Taylor rule, and in favour of non-activist policy rules drawing on Milton Friedman and Knut Wicksell.

Jordi GalĂ­

His studies with Richard Clarida and Mark Gertler suggest that monetary policy in many countries today resembles the Taylor rule, whereas the policy makers of the 1970s failed to follow the Taylor rule.


see also