Asso, Pier Francesco; Kahn, George A.; Leeson, Robert - Federal Reserve Bank of Kansas City - 2007
This paper examines the intellectual history of the Taylor Rule and its considerable influence on macroeconomic … research and monetary policy. The paper traces the historical antecedents to the Taylor rule, emphasizing the contributions of … evolution of John Taylor's thinking as an academic and policy advisor leading up to his formulation of the Taylor rule. Finally …