Title The Taylor rule and the transformation of monetary policy / edited by Evan F. Koenig, Robert Leeson, George A. Kahn

Published Stanford, Calif. : Hoover Institution Press, Stanford University, 2012 ©2012

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Description 1 online resource (xix, 345 pages) : illustrations Series Hoover Institution Press publication ; no. 615 Hoover Institution Press publication ; 615. Contents Monetary policy rules : from Adam Smith to John Taylor / Pier Francesco Asso, Robert Leeson -- The Taylor Rule and the practice of central banking / George A. Kahn -- A comparison with Milton Friedman / Edward Nelson -- Two basic principles / Robert E. Lucas -- The great moderation / Ben S. Bernanke -- The great deviation / John B. Taylor -- It's not so simple / Donald L. Kohn -- Forecast targeting as a monetary policy strategy : policy rules in practice / Michael Woodford -- The dual nature of forecast targeting and instrument rules / John B. Taylor -- Evaluating monetary policy / Lars E.O. Svensson -- Overview / Ben S. Bernanke -- The view from inside the Fed / Janet Yellen -- The view from inside the European Central Bank / Otmar Issing -- The view from central banks in emerging markets / Guillermo Ortiz -- A view from the financial markets / John P. Lipsky Summary A contributors' who's who from the academic and policy communities explain and provide perspectives on John Taylor's revolutionary thinking about monetary policy. They explore some of the literature that Taylor inspired and help us understand how the new ways of thinking that he pioneered have influenced actual policy here and abroad Bibliography Includes bibliographical references and index Notes English Print version record Subject Taylor, John B. -- Influence SUBJECT Taylor, John B. fast Subject Taylor's rule. Monetary policy -- Mathematical models. Monetary policy -- United States -- History BUSINESS & ECONOMICS -- Economics -- Macroeconomics. POLITICAL SCIENCE -- Economic Conditions. POLITICAL SCIENCE -- Public Policy -- Economic Policy. Influence (Literary, artistic, etc.) Monetary policy Monetary policy -- Mathematical models Taylor's rule United States Genre/Form History Form Electronic book Author Koenig, Evan F., editor Leeson, Robert, editor Kahn, George A. (George Arnett), 1956- editor. ISBN 9780817914066 0817914064 9780817914080 0817914080

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