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Government Actions and Interventions : More harm than good?

Taylor, John B. - In: Development Outreach 11 (2009) 3, pp. 50-53

There is empirical evidence that government actions and interventions prolonged and worsened the financial crisis, because they were based on faulty diagnosis of the problem and did not follow clear predictable principles.

Persistent link: https://www.econbiz.de/10015360096

Legislating a Rule for Monetary Policy

Taylor, John B. - 2013

Why legislate a policy rule now? Because monetary policy has recently become more discretionary, more short-term focused. My research shows that discretionary actions were, on balance, harmful. But even if one disagrees, such actions should raise concerns about a monetary system in which a great...

Persistent link: https://www.econbiz.de/10013083591

Policy Stability and Economic Growth : Lessons from the Great Recession

Haldane, Andrew G.; Minford, Patrick; Radia, Amar; … - 2021

The recovery from the recession after the financial crisis, in both the UK and the US, has been very slow compared with other similar events in history. During the period before the financial crash and afterwards, monetary policy deviated from the very effeective rules-based approach of the...

Persistent link: https://www.econbiz.de/10013225300

Does the Crisis Experience Call for a New Paradigm in Monetary Policy?

Taylor, John B. - 2010

This paper shows that the monetary policy paradigm that was in place before the financial crisis worked very well and that the crisis occurred only after policy makers deviated from that paradigm. The paper also evaluates monetary policy during the financial crisis by dividing the crisis into...

Persistent link: https://www.econbiz.de/10013139874

Does the crisis experience call for a new paradigm in monetary policy?

Taylor, John B. - 2010

Persistent link: https://www.econbiz.de/10008655772

Low inflation, deflation, and policies for future price stability

Taylor, John B. - 2000

Persistent link: https://www.econbiz.de/10001512423

The great inflation, the great disinflation, and policies for future price stability

Taylor, John B. - In: Inflation, disinflation and monetary policy : …, (pp. 9-31). 1992

Persistent link: https://www.econbiz.de/10001295047

Low inflation, deflation, and policies for future price stability : keynote speech

Taylor, John B. - In: Monetary and economic studies 19 (2001) S1, pp. 35-51

Persistent link: https://www.econbiz.de/10001552968

Inflation, unemployment, and monetary policy : the Alvin Hansen Symposium on Public Policy, Harvard University

Solow, Robert M. (contributor); Taylor, John B. (contributor) - 1998

Persistent link: https://www.econbiz.de/10000627730

Falling Behind the Curve : a Positive Analysis of Stop-Start Monetary Policies and the Great Inflation

Levin, Andrew T. - 2010

This paper documents the evolution of long-run inflation expectations and models the stance of monetary policy from … 1965 to 1980. A host of survey-based measures and financial market data indicate that long-run inflation expectations rose … with a constant inflation goal, our analysis indicates that the path of policy can be characterized by a reaction function …

Persistent link: https://www.econbiz.de/10013149298