A Historical Analysis of the Taylor Curve

Material TypeArticleLanguageEnglish
TitleA Historical Analysis of the Taylor Curve Author(S)ERIC OLSON (Author)
Abstract  Taylor (1979) shows that there is a permanent trade-off between the volatilities of the output gap and inflation. Although a number of papers argue that the so-called Taylor curve is a policy menu, we use it as an efficiency locus to gauge the appropriateness of monetary policy. We examine the efficiency of U.S ...Paginationp1285–1299
Journal TitleJournal of Money, Credit, and Banking  
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