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Evaluating the Current Stance of Monetary Policy Using a Taylor Rule

Description: Oversight of the Federal Reserve's (Fed's) monetary policy decisions rests with Congress. But oversight is encumbered by the absence of a straightforward relationship between interest rates and economic performance. Further, the Fed's policy decisions are discretionary, meaning there is no objective, transparent “yardstick” for evaluating their decisions. A simple rule of thumb guide to monetary policy decisions called a “Taylor rule” is an intuitive way to judge actual policy against some obje… more
Date: January 30, 2012
Creator: Labonte, Marc
Item Type: Refine your search to only Report
Partner: UNT Libraries Government Documents Department
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