Yüksel, Ebru; Metin-Ozcan, Kivilcim; Hatipoglu, Ozan - In: Economic Systems 37 (2013) 1, pp. 122-134
Today, the prime aim of central banking is to achieve price stability and, to a lesser extent, output stability. To this end, central banks use various monetary policy rules. This paper intends to provide a broad survey of the literature on Taylor-type monetary policy rules with a time-varying...