Statements (28)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
monetary policy rule
|
| gptkbp:appliesTo |
gptkb:economic_policy
|
| gptkbp:category |
gptkb:economic_policy
|
| gptkbp:citation |
monetary economics literature
|
| gptkbp:describes |
how central banks set interest rates
|
| gptkbp:field |
macroeconomics
|
| gptkbp:form |
i = r* + π + 0.5(π - π*) + 0.5(y - y*)
|
| https://www.w3.org/2000/01/rdf-schema#label |
Taylor rule
|
| gptkbp:influenced |
Federal Reserve policy
|
| gptkbp:mainVariables |
inflation
output gap nominal interest rate real equilibrium interest rate target inflation rate |
| gptkbp:namedAfter |
gptkb:John_B._Taylor
|
| gptkbp:parameter |
equilibrium real interest rate
inflation coefficient output gap coefficient target inflation rate |
| gptkbp:proposedBy |
gptkb:John_B._Taylor
1993 |
| gptkbp:publishedIn |
gptkb:Carnegie-Rochester_Conference_Series_on_Public_Policy
|
| gptkbp:relatedTo |
interest rate policy
inflation targeting output stabilization |
| gptkbp:usedBy |
central banks
|
| gptkbp:bfsParent |
gptkb:J._B._Taylor
|
| gptkbp:bfsLayer |
5
|