Identify the economist, who gave a relatively famous rule in economics (I am being generic here so as not to give it away), the original form of which is shown below:
Answer: He is John B Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University, who put forth the Taylor Rule, that stipulates how much the central bank should change the nominal interest rate in response to changes in inflation, output, or other economic conditions.
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john b taylor.
John B Taylor gave Taylor's rule which central banks use to set interest rates.
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