John Taylor on Monetary Policy

John Taylor of Stanford University talks about the Taylor Rule, his description of what the Fed ought to do and what it sometimes actually does, to keep inflation in check and the economy on a steady path. He argues that when the Fed has deviated from the Rule in recent years, the economy has performed poorly. Taylor also assesses the chances for a monetary or financial disaster and the Fed's recent expanded role in intervening in financial markets.

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John Taylor on Monetary Policy is an episode from EconTalk Archives, 2008 by Library of Economics and Liberty.

This episode is 54:30 long.

This episode was published on Aug 18, 2008.

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