Optimal Taylor rule in the new era central banking perspective
The Taylor rule is a simple monetary policy rule that specifies how central banks should adjust policy interest rate in response to inflation deviation and output gap. However, with the change in the central role of central banks in the economy after the 2008 global crisis, alternative monetary poli...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2020-03-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/1445.pdf
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| _version_ | 1818684416473432064 |
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| author | Ayşegül Ladin SÜMER |
| author_facet | Ayşegül Ladin SÜMER |
| author_sort | Ayşegül Ladin SÜMER |
| collection | DOAJ |
| description | The Taylor rule is a simple monetary policy rule that specifies how central banks should
adjust policy interest rate in response to inflation deviation and output gap. However, with the
change in the central role of central banks in the economy after the 2008 global crisis, alternative
monetary policy implementations have been brought to the agenda. In this study, the optimal
interest of the Taylor rule in terms of interest rate approaching zero and macro prudential policy
developed to regulate the financial system and prevent imbalances in the real sector after the
global crisis is discussed in theoretical terms. |
| first_indexed | 2024-12-17T10:50:17Z |
| format | Article |
| id | doaj.art-63108be0b4e647a6ae167371e5253c78 |
| institution | Directory Open Access Journal |
| issn | 1841-8678 1844-0029 |
| language | English |
| last_indexed | 2024-12-17T10:50:17Z |
| publishDate | 2020-03-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj.art-63108be0b4e647a6ae167371e5253c782022-12-21T21:51:59ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292020-03-01XXVII115917018418678Optimal Taylor rule in the new era central banking perspectiveAyşegül Ladin SÜMER0 Independent Researcher Dr. The Taylor rule is a simple monetary policy rule that specifies how central banks should adjust policy interest rate in response to inflation deviation and output gap. However, with the change in the central role of central banks in the economy after the 2008 global crisis, alternative monetary policy implementations have been brought to the agenda. In this study, the optimal interest of the Taylor rule in terms of interest rate approaching zero and macro prudential policy developed to regulate the financial system and prevent imbalances in the real sector after the global crisis is discussed in theoretical terms. http://store.ectap.ro/articole/1445.pdf 2008 global crisistaylor rulemacro prudential policy |
| spellingShingle | Ayşegül Ladin SÜMER Optimal Taylor rule in the new era central banking perspective Theoretical and Applied Economics 2008 global crisis taylor rule macro prudential policy |
| title | Optimal Taylor rule in the new era central banking perspective |
| title_full | Optimal Taylor rule in the new era central banking perspective |
| title_fullStr | Optimal Taylor rule in the new era central banking perspective |
| title_full_unstemmed | Optimal Taylor rule in the new era central banking perspective |
| title_short | Optimal Taylor rule in the new era central banking perspective |
| title_sort | optimal taylor rule in the new era central banking perspective |
| topic | 2008 global crisis taylor rule macro prudential policy |
| url |
http://store.ectap.ro/articole/1445.pdf
|
| work_keys_str_mv | AT aysegulladinsumer optimaltaylorruleintheneweracentralbankingperspective |