Statements (50)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Economic Policy Concept
|
| gptkbp:appliesTo |
gptkb:Eurozone
gptkb:Japan gptkb:United_Kingdom gptkb:United_States |
| gptkbp:basisFor |
Economic Models
Empirical Data Macroeconomic Indicators |
| gptkbp:component |
Deviation from Target
Equilibrium Value Instrument Variable Policy Rule Formula Reaction Coefficient Target Variable |
| gptkbp:contrastsWith |
Discretionary Monetary Policy
|
| gptkbp:criticizedFor |
Data Revisions
Lack of Flexibility Model Uncertainty Rigidity |
| gptkbp:debatedBy |
Economists
Policy Makers |
| gptkbp:example |
gptkb:McCallum_Rule
gptkb:Taylor_Rule Nominal GDP Targeting |
| https://www.w3.org/2000/01/rdf-schema#label |
Monetary Policy Rules
|
| gptkbp:influenced |
Inflation Rate
Interest Rates Money Supply Output Gap Unemployment Rate |
| gptkbp:notableFigure |
gptkb:Bennett_McCallum
gptkb:John_B._Taylor |
| gptkbp:originatedIn |
20th Century
|
| gptkbp:purpose |
Control Inflation
Guide Central Bank Actions Promote Economic Growth Stabilize Economy |
| gptkbp:relatedTo |
Central Banking
Inflation Targeting Interest Rate Targeting Monetary Policy |
| gptkbp:studiedIn |
gptkb:Monetary_Economics
gptkb:Macroeconomics Central Banking |
| gptkbp:usedBy |
gptkb:Bank_of_England
gptkb:Federal_Reserve gptkb:Bank_of_Japan gptkb:European_Central_Bank |
| gptkbp:bfsParent |
gptkb:J._B._Taylor
|
| gptkbp:bfsLayer |
5
|