A comprehensive examination of the concept of a monetary rule, which is used by central banks to guide monetary policy based on macroeconomic performance indicators.
Explore the contributions of John B. Taylor, the renowned economics professor known for formulating the Taylor Rule, a pivotal guideline for central banks in setting interest rates.
The Taylor Rule is a monetary policy guideline used by central banks to determine appropriate interest rates, aimed at stabilizing the economy by taking into account factors such as inflation and economic output.
