Implementing Rule-Based Monetary Policy
John Taylor discusses the importance of Congress asking the Fed to describe its strategy and explain any deviations, in order to implement a more rule-based monetary policy. He suggests reinserting the requirement for the Fed to describe its plans, as it was in the past, to introduce a modest amount of accountability that was lost in 2000.In this clip
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EconTalk
John Taylor on Rules, Discretion, and First Principles
Related Questions
What is a rules-based monetary policy?
What is the role of monetary policy in the episode John Taylor on Rules, Discretion, and First Principles and the clip The Monetary Policy Debate?
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