Money Growth and Inflation
John Taylor explains the shift from measuring money to using interest rates as a tool for controlling inflation. He discusses the challenges of measuring money and how central banks now rely on the federal funds rate to manage inflation.In this clip
From this podcast
EconTalk
John Taylor on Monetary Policy
Related Questions
How do interest rates affect inflation in the context of the episode John Taylor on Inflation, the Fed, and the Taylor Rule and the clip Fed's Interest Rate Policy?
What does the Fed adjusting interest rates actually do?
How do interest rates affect inflation in the context of the episode John Taylor on Inflation, the Fed, and the Taylor Rule and the clip Understanding the Taylor Rule?