The Taylor Rule and the Transformation of Monetary Policy
The Taylor Rule and the Transformation of Monetary Policy

The Taylor Rule and the Transformation of Monetary Policy

Edited by Evan F. Koenig

POLITICAL SCIENCE

368 Pages, 6 x 9

Formats: Hardcover, ebook: EPUB, Mobipocket, ebook: PDF

Hardcover, $14.95 (US $14.95) (CA $17.95)

Publication Date: June 2012

ISBN 9780817914042

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Overview

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.

Reviews

"This book explains the creation and application of the Taylor Rule, one of the most important and well-known rules of monetary policy. The volume includes chapters by Pier Francesco Asso, Ben Bernanke, Richard Fisher, Otmar Issing, George Kahn [...] These chapters make it very clear that the Taylor Rule is one of the most important monetary policy devices to come along in the last three decades." —Paul F. Gentle, eh.net

Author Biography

Evan F. Koenig is vice president and senior policy adviser at the Federal Reserve Bank of Dallas and an adjunct professor at Southern Methodist University. Robert Leeson is a visiting professor of economics at Stanford University, a visiting fellow at the Hoover Institution, and an adjunct professor at Notre Dame Australia University. George Kahn is vice president and economist at the Federal Reserve Bank of Kansas City.