Why inflation targeting central banks seem to follow a standard Taylor rule

Stefan Kühn and Joan Muysken ()

Economics Letters, 2012, vol. 115, issue 1, 28-30

Abstract: Central banks only caring about inflation stability seem to follow a standard Taylor rule. The alleged reaction to the output gap could be a reaction of the nominal interest rate to variations in the natural real rate of interest.

Keywords: Taylor rule; New Keynesian; Endogenous growth (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:1:p:28-30

DOI: 10.1016/j.econlet.2011.12.001

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