The Taylor rule: an exploration in theory and practice

Wang , Qi2013-08-272013-08-2720022002http://hdl.handle.net/10393/25132Among various monetary policy rules, the Taylor rule has been most popular and has attracted a good deal of attention in recent years. This paper explores the theoretical background of the Taylor rule by introducing the IS-MP-IA model. The development ofenThe Taylor rule: an exploration in theory and practice