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  • 标题:Implications of the financial crisis to the relevance of Taylor rule Case study: European Union
  • 本地全文:下载
  • 作者:Huidumac-Petrescu, Cătălin-Emilian ; Popa, Alexandru Cătălin
  • 期刊名称:Theoretical and Applied Economics
  • 印刷版ISSN:1841-8678
  • 电子版ISSN:1844-0029
  • 出版年度:2014
  • 卷号:XXI
  • 期号:5(594)
  • 页码:113-126
  • 出版社:Asociatia Generala a Economistilor din Romania - AGER
  • 摘要:The recent global economic crisis has caused huge losses not only financial but also and more important losses related to the general confidence in the ability of the science of economics to contribute to the political decision making in a manner that will ensure an economic, social and sustainable development on the long run. To this regards, the science of economics, as any other science, must constantly review all its mainstream theories, theories that in time have been implemented by most of the economic policymakers around the world. The Taylor rule is a central element in the decision making process of monetary policy rates set by most central banks, both in developed and emerging economies . This paper proposes an analysis of the Taylor rule efficiency in terms of achieving the objectives of the monetary policy throughout the European Union, and to briefly outline some possible adjustments taking into account the unique specificity of these economies.
  • 关键词:macroeconomics; economic crisis; monetary policy; financial markets; Taylor's rule.
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