2016 | Vol. 16, No 6 | 5-16
Article title

Can the Taylor rule be a good tool to analyse the monetary policy quality at the time of recent market turbulences ?

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Languages of publication
Article deals with the problems of application of the Taylor rule as a practical rule, facilitating monetary authorities` decision making in the years following financial crisis 2007+. Author comes to the conclusion, that the Taylor rule seems to be a poor tool to articulate postulates for central bank`s monetary policy and even for an ex post assessment of this policy. He proposes to substitute Non-decreasing economic growth rate of inflation (NDEGRI) for the Taylor rule as an indicator of the correctness of authorities actions.(original abstract)
Physical description
  • Kazimierz Pułaski University of Technology and Humanities in Radom, Poland
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