Rogoff Paper Says Central Bank Rules, Independence to Come Under Fire
Exactly! This is broadly the issue Rogoff is raising. It's not that he's slamming the Taylor rule. It's that he's looking at the fiscal elephant - and other forces - in the room. Hoping to talk to him soon.
can the Taylor rule operate in a world of Fiscal Dominance----?????
Exactly! This is broadly the issue Rogoff is raising. It's not that he's slamming the Taylor rule. It's that he's looking at the fiscal elephant - and other forces - in the room. Hoping to talk to him soon.
can the Taylor rule operate in a world of Fiscal Dominance----?????