Jiménez, Félix - Departamento de Economía, Pontificia Universidad … - 2010
Monetary Policy Reaction Function. This chapter studies the inverse relationship between the rate of inflation and the rate of … unemployment; and by including the Monetary Policy Rule (or Taylor rule) into the IS curve, the chapter describes the meaning of … the reaction function of the monetary policy. Finally, it studies the equilibrium, starting from simultaneous analysis of …