テイラールールの足跡を辿る

Pier Francesco Asso, George A. Kahn, and Robert Leeson(2007)、“The Taylor Rule and the Transformation of Monetary Policy(pdf)”(Research Working Paper 07-11, The Federal Reserve Bank of Kansas City)

Abstract:This paper examines the intellectual history of the Taylor Rule and its considerable influence on macroeconomic research and monetary policy. The paper traces the historical antecedents to the Taylor rule, emphasizing the contributions of three prominent advocates of rules--Henry Simons, A.W. H. Phillips, and Milton Friedman. The paper then examines the evolution of John Taylor's thinking as an academic and policy advisor leading up to his formulation of the Taylor rule. Finally, the paper documents the influence of the Taylor rule on macroeconomic research and the Federal Reserve's conduct of monetary policy.


MV=PQ(by Tim Schilling)経由。こんな要約見せられてスルーするなんてことができようか、いやできるはずなどない。コピーしてあとで読も。