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Interest Rate Determination Rule: Test of the Taylor Rule in the UK

Interest Rate Determination Rule: Test of the Taylor Rule in the UK. November 2002. Background Literature. Research in Time Inconsistency, Policy Co-ordination and . Friedman (1966, 1968) and Phelps (1967) natural rate of unemployment hypothesis. Aggregate Supply and Demands.

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Interest Rate Determination Rule: Test of the Taylor Rule in the UK

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  1. Interest Rate Determination Rule: Test of the Taylor Rule in the UK November 2002 Macroeconomic Themes:19

  2. Background Literature Macroeconomic Themes:19

  3. Research in Time Inconsistency, Policy Co-ordination and Macroeconomic Themes:19

  4. Friedman (1966, 1968) and Phelps (1967) natural rate of unemployment hypothesis Macroeconomic Themes:19

  5. Aggregate Supply and Demands Macroeconomic Themes:19

  6. Labour Market Equilibrium and Aggregate Supply Macroeconomic Themes:19

  7. Impact of Monetary Policy in the Short and the Long Run Macroeconomic Themes:19

  8. Policy Rule, Discretion, Cheating and Time Inconsistency in Economic Policy Making Macroeconomic Themes:19

  9. Fiscal and Monetary Policy Game in a Diagram Macroeconomic Themes:19

  10. Three Equations of the Interest Determination Rule: Taylor Rule Macroeconomic Themes:19

  11. Reduced Form Equation of the Interest Determination Model Macroeconomic Themes:19

  12. Natural rate of Interest: Steady State Macroeconomic Themes:19

  13. General Solution of the Interest Rule Model Macroeconomic Themes:19

  14. Convergence or Divergence from the Steady State Macroeconomic Themes:19

  15. Data Set Used for the Interest Rate Rule Macroeconomic Themes:19

  16. Drawbacks of Single Equation Estimation Macroeconomic Themes:19

  17. Better Fit From the Simultaneous Estimation Macroeconomic Themes:19

  18. Actual and Predicted Interest from the Single Equation Method Macroeconomic Themes:19

  19. Actual and Predicted Interest from the Simultaneous Equation Method Macroeconomic Themes:19

  20. Main Points of this Paper Macroeconomic Themes:19

  21. References-1 Macroeconomic Themes:19

  22. References-2 Macroeconomic Themes:19

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