Central bankers – tailoring policy to rules or markets?

Fathom Consulting // Insights // Central bankers – tailoring policy to rules or markets?

Fathom calculates the interest rates implied by John Taylor’s 1993 policy rate rule[1] and uses IMF estimates of the output gap…

[1]John B. Taylor, ‘Discretion versus Policy Rules in Practice’, Carnegie-Rochester Conference Series on Public Policy, 39 (1993), pp. 195-214.