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02 - John Taylor on the Taylor Rule, the 2008 Crisis, and Fed Reform
Macro Musings with David Beckworth
English - April 18, 2016 10:25 - 56 minutes - 39 MB - ★★★★★ - 342 ratingsNon-Profit Business Education economics macroeconomics monetary policy Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
John Taylor of Stanford University and the Hoover Institution joins host David Beckworth to discuss Taylor's famous monetary rule for central banks in setting interest rates in response to changes in inflation and output. They discuss how Taylor discovered the rule and how it has performed over time. Taylor also shares his thoughts for improving current Federal Reserve policy. David's blog: http://macromarketmusings.blogspot.com John Taylor's blog: http://economicsone.com/ Links from today's conversation: http://web.stanford.edu/~johntayl/Papers/Discretion.PDF http://www.federalreserve.gov/newsevents/speech/yellen20120606a.htm http://www.hoover.org/sites/default/files/research/docs/jmcb_lecture.pdf http://www.hoover.org/press-releases/hoover-press-getting-track-how-government-actions-and-interventions-caused-prolonged https://huizenga.house.gov/uploadedfiles/3189.fed.reform.section.by.section.pdf