Generalizing the Taylor Principle
收藏NBER2005-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11874
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资源简介：
The paper generalizes the Taylor principle---the proposition that central banks can stabilize the macroeconomy by raising their interest rate instrument more than one-for-one in response to higher inflation---to an environment in which reaction coefficients in the monetary policy rule evolve
提供机构：
美国国家经济研究局创建时间：
2005-12-01
