McCallum, Bennett T. (contributor); … - 2004 - [Elektronische Ressource]
current monetary policy” as practiced by inflation-targeting
or other CBs. He continues: “No central bank has (to my … weight of λ (as in Section 5 below) and also
gives interest rate variability a weight of 0.1, both in relation to inflation …
Taylor-style rule … is that, if there are other important state variables than inflation and the
output gap, it will not be …