Optimality and Taylor Rules

This paper discusses the role of forecasts in the control of inflation. Much has been made of variations on the so-called Taylor rule for inflation control. Forward-looking Taylor rules are reconciled with optimal control using a class of rules described as error-correcting Taylor rules.

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Year of publication:	2000
Authors:	Blake, Andrew P.
Published in:	National Institute Economic Review. - National Institute of Economic and Social Research (NIESR). - Vol. 174.2000, 1, p. 80-91
Publisher:	National Institute of Economic and Social Research (NIESR)

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010784246