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Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
Edition 12ISBN: 978-1259070969 Exercise 2
What More Do We Know 9-2 presents the Taylor rule, specifically,
The purpose of this exercise is to see whether this simple rule can explain the evolution of interest rates in the United States over the last 40 years or so. We will assume that the target inflation rate
is equal to 2 percent.
The purpose of this exercise is to see whether this simple rule can explain the evolution of interest rates in the United States over the last 40 years or so. We will assume that the target inflation rate
is equal to 2 percent.Explanation
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If a central bank wants to stimulate eco...
Macroeconomics 12th Edition by Rudiger Dornbusch ,Stanley Fischer,Richard Startz
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