Evans, George W. (contributor); … - 2003 - [Elektronische Ressource]
terms of
fundamentals. Instrument rules such as variants of the Taylor rule are also
widely considered, and discussions …
is specified net of the real interest rate, which in the
standard Taylor rule is usually set at 2%). More generally …
> 0. (4)
Variations of the Taylor rule replace π
t
and x
t
by lagged values or by forecasts
of current or future values, e …