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Inflation targeting is different from the Taylor rule because the Taylor rule is based on a forecast of inflation, but inflation targeting adjusts monetary policy to past inflation. True False

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter14: Money And The Economy

Section14.3: Inflation

Problem 3ST

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Inflation targeting is different from the Taylor rule because the Taylor rule is based on a forecast of
inflation, but inflation targeting adjusts monetary policy to past inflation.
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