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Finding the equilibrium real interest rate in a fog of policy deviations

Taylor, John B.; Wieland, Volker - In: Business economics : the journal of the National … 51 (2016) 3, pp. 147-154

Persistent link: https://www.econbiz.de/10011724554

Chapter 15 Staggered price and wage setting in macroeconomics

Taylor, John B. - In: Handbook of macroeconomics : volume 1, part B, (pp. 1009-1050). 1999

This chapter reviews the role of temporary price and wage rigidities in explaining of the dynamic relationship between money, real output, and inflation. The key properties to be explained are that monetary shocks have persistent, but not permanent, effects on real output, and that the...

Persistent link: https://www.econbiz.de/10014024230

Chapter 15. Simple and Robust Rules for Monetary Policy

Taylor, John B.; Williams, John C. - In: Handbook of monetary economics : volume 3, (pp. 829-859). 2010

This paper focuses on simple normative rules for monetary policy that central banks can use to guide their interest … important research on how policy rules should deal with asset bubbles and the zero bound on interest rates. Going forward, the …

Persistent link: https://www.econbiz.de/10014025627

Surprising comparative properties of monetary models

Taylor, John B.; Wieland, Volker - 2010

in the different models. Simple model-specific policy rules that include the lagged interest rate, inflation and current … and lagged output gaps are not robust. Some degree of robustness can be recovered by using rules without interest …

Persistent link: https://www.econbiz.de/10009640279