Focus on the Taylor Rule
This handout provides instructions on building the graph below and includes writing prompts for out-of-class assignments.
From the FRED Blog
The post “The Taylor Rule” discusses how the output gap and current inflation can guide monetary policymaking.
From the Board of Governors of the Federal Reserve System
The essay “Policy Rules and How Policymakers Use Them” discusses several monetary policy rules that have received attention in the academic research literature.
