Remarks on John Taylor’s Contributions
John Taylor is of course one of the world’s most influential academic commentators on monetary policy and, I might say, one whose judgements most (if not all) of us on the SOMC usually agree with to a very great extent. One of his most notable accomplishments is, of course, the development of the well-known “Taylor Rule” as a guideline for the conduct of monetary policy. Almost every one in this room is, I suspect, at least somewhat familiar with this proposed policy rule.
John Taylor is of course one of the world’s most influential academic commentators on monetary policy and, I might say, one whose judgements most (if not all) of us on the SOMC usually agree with to a very great extent. One of his most notable accomplishments is, of course, the development of the well-known “Taylor Rule” as a guideline for the conduct of monetary policy. Almost every one in this room is, I suspect, at least somewhat familiar with this proposed policy rule.
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