Taylor Versus Bernanke

http://www.futureofcapitalism.com/2011/03/taylor-versus-bernanke

Stanford's John Taylor, for whom the Taylor Rule on interest rates is named, really nails Ben Bernanke in this brief blog post. Well worth reading, even if it gets a little abstruse: "This implies an interest rate of 1.5 X1.4 + .5X(-4.4) + 1 = 2.1 + -2.2 +1 = 0.9 percent."

by Editor  |  Mar 2, 2011 at 10:23 am Related Topics:  Education, Federal Reserve receive the latest by email: subscribe to the free futureofcapitalism.com mailing list