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Interest Rate Determination Rule: Test of the Taylor Rule in the UK

Interest Rate Determination Rule: Test of the Taylor Rule in the UK. November 2002. Background Literature. Research in Time Inconsistency, Policy Co-ordination and . Friedman (1966, 1968) and Phelps (1967) natural rate of unemployment hypothesis. Aggregate Supply and Demands.

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433 views • 22 slides

Economic Modelling

Economic Modelling. Lecture 16 Interest Rate Rule and Central Bank Independence. Interest Determination Rule. Higher interest in the past period lowers the level of output at the current perio Higher output at the current period raises the rate of inflation (remember the aggregate supply

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189 views • 11 slides

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Interest rate rule - PowerPoint PPT Presentation

Interest Rate Determination Rule: Test of the Taylor Rule in the UK

Economic Modelling