Evaluating the Current Stance of Monetary Policy Using a Taylor Rule

Evaluating the Current Stance of Monetary Policy Using a Taylor Rule

Date: January 30, 2012
Creator: Labonte, Marc
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 objective, albeit simplistic, ideal. Taylor rules prescribe a federal funds target based on inflation and the output gap (i.e., the difference between actual gross domestic product [GDP] and potential GDP) and can be adjusted to reflect a variety of policy goals.
Contributing Partner: UNT Libraries Government Documents Department
Evaluating the Current Stance of Monetary Policy Using a Taylor Rule

Evaluating the Current Stance of Monetary Policy Using a Taylor Rule

Date: June 30, 2008
Creator: unknown
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Evaluating the Current Stance of Monetary Policy Using a Taylor Rule

Evaluating the Current Stance of Monetary Policy Using a Taylor Rule

Date: October 4, 2007
Creator: unknown
Description: None
Contributing Partner: UNT Libraries Government Documents Department
Evaluating the Current Stance of Monetary Policy Using a Taylor Rule

Evaluating the Current Stance of Monetary Policy Using a Taylor Rule

Date: July 3, 2006
Creator: unknown
Description: None
Contributing Partner: UNT Libraries Government Documents Department