Sound monetary policy is essential for strong economic growth and stability. Monetary policy is often only noticeable when the Federal Reserve gets it wrong, as it has several times in recent history. In order to get it right, it helps to follow a rules-based policy instead of one based on discretion.

For more information, visit the PolicyEd page here: https://www.policyed.org/perspectives...

Additional resources:

Read John Taylor’s chapter “National and International Monetary Reform” in Blueprint for America here: http://hvr.co/2BPgsuo

Read The Taylor Rule and the Transformation of Monetary Policy, available here: https://hvr.co/2NuCtHH

Read Rules for International Monetary Stability: Past, Present, and Future by Michael D. Bordo and John B. Taylor, available here: http://hvr.co/2A5zEUh

Read “Unconventional Monetary Policy, Normalization, and Reform” by John Taylor, available here: http://bit.ly/2AJOTFq

Read “A New Opportunity for Monetary Reform” by John Taylor, available here: http://bit.ly/2jvN1Xs

Read “Central Bank Models: A Key to Future Monetary Policy” by John Taylor, available here: http://bit.ly/2nIfnCv

John Taylor discusses United States wage growth, inflation, and the Federal Reserve's rate path, available here: https://bloom.bg/2Cm7rLz

Visit https://www.policyed.org/ to learn more.

- Subscribe to PolicyEd's YouTube channel: http://bit.ly/PolicyEdSub
- Follow PoicyEd on Twitter: http://bit.ly/PolicyEdTwit
- Follow PolicyEd on Instagram: http://bit.ly/PolicyEdInsta