Though currently out of fashion, Taylor argues that simple rules still hold value in guiding monetary policy, for reasons similar to Epstein’s—reducing the cost of uncertainty, discretion, complexity leading to unpredictability of central bank decisions. h
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RT @DavidBeckworth: @EconomicsOne provides a great overview of monetary policy rules in this paper: https://t.co/Zuns5Pm6iH
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RT @DavidBeckworth: @EconomicsOne provides a great overview of monetary policy rules in this paper: https://t.co/Zuns5Pm6iH
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RT @DavidBeckworth: @EconomicsOne provides a great overview of monetary policy rules in this paper: https://t.co/Zuns5Pm6iH