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Item Details
Title: THE TAYLOR RULE AND THE TRANSFORMATION OF MONETARY POLICY
By: Evan F. Koenig (Editor), Robert Leeson (Editor), George Kahn (Editor)
Format: Hardback

List price: £34.95


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ISBN 10: 0817914048
ISBN 13: 9780817914042
Publisher: HOOVER INSTITUTION PRESS,U.S.
Pub. date: 1 June, 2012
Pages: 368
Description: Twenty years ago, John Taylor proposed a simple idea to guide monetary policy. Quickly the idea spread, not only through academia, but also to the trading floors of Wall Street and the Federal Reserve's boardroom in Washington. Now, two decades later, the Taylor rule remains a focal point for discussions of monetary policy around the world.
Synopsis: Twenty years ago, John Taylor proposed a simple idea to guide monetary policy. Quickly the idea spread, not only through academia, but also to the trading floors of Wall Street and the Federal Reserve's boardroom in Washington. Now, two decades later, the Taylor rule remains a focal point for discussions of monetary policy around the world. In The Taylor Rule and the Transformation of Monetary Policy , a veritable contributors' ""who's who"" from the academic and policy communities explain and provide perspectives on John Taylor's revolutionary thinking about monetary policy. From the Great Inflation of the 1970s through the Great Moderation of the 1980s and 1990s to the Great Deviation following the 2001 recession, the contributors analyse Taylor's influences on monetary theory and policy around the world. They explore some of the literature that Taylor inspired and help us understand how the new ways of thinking that he pioneered have influenced actual policy here and abroad.
Illustrations: Illustrations
Publication: US
Imprint: Hoover Institution Press,U.S.
Returns: Returnable
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