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The Taylor Rule


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description

Over the years, central banks all over the world have on numerous occasion been the subjects of criticism. Poor economic performance or a failure to implement a successful policy justified the voices of some critics, who, in an effort to boost the performance of a central bank, argued that some policy rule, not necessarily absolutely perfect, would have delivered a far better outcome. This work addresses the issue of monetary policy conduct. It deals with the use of monetary policy rules in a decision-making process of monetary policymakers with the focus on the Taylor rule which is a monetary policy rule which specifies how a central bank should adjust its short-term interest rates in response to deviations of a real gross domestic product from its potential and of inflation from its target set by a central bank. The theoretical framework of the Taylor rule is introduced and the work also provides explanation how the Taylor rule works in practice by applying the rule to two real economies over the last decade. The book is aimed to be an additional reading to those who are interested in econometrics and monetary policy rules, in particular.

Product Specifications
SKU :COC22201
AuthorLadislav Mazuch
Number of Pages60
Publishing Year5/19/2010
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-28 00:00:00