Describe the taylor rule-full-employment level

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Describe the taylor rule. if the fed were the following rule, what would the nominal Fed funds rate be if inflation over the past year were 4% and output were 1% below its full-employment level? assume that the inflation target and equilibrium real interest rate are 2%

Reference no: EM131387442

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Describe the taylor rule-full-employment level : Describe the taylor rule. if the fed were the following rule, what would the nominal Fed funds rate be if inflation over the past year were 4% and output were 1% below its full-employment level? assume that the inflation target and equilibrium real i..

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