-immune Taylor rule based on economic theory can avoid indeterminacy even at high levels of trend inflation such as those observed in …

the Fed followed a simple 'Taylor rule,' while others argue that it deviated from such a rule because it recognized that … the 'New Economy' permitted an easing of policy. We find that a Taylor rule based on inflation and unemployment does break …

Using a series of examples, we review the various ways in which a monetary policy characterized by the Taylor rule can … inject volatility into the economy. In the examples, a particular modification to the Taylor rule can reduce or even entirely … Taylor rule in favor of a money growth rule in case money growth passes outside a particular monitoring range …

effects. When it is possible that fiscal policy will be unresponsive to debt at times, active monetary policy (like a Taylor … rule) in one regime is not sufficient to insulate the economy against tax shocks in that regime and it can have the …