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HELLO TANGLED COMMUNITY ! Let's talk about a subject of economics for today :
The Taylor rule aims to define a guideline that applies to monetary authorities. It is based on the calculation of the short-term interest rate assumed to be "optimal" in line with the central bank's objective and the evolution of the Output Gap. The Output Gap is an Anglo-Saxon terminology that refers to the gap between observed Gross Domestic Product (GDP) and potential GDP. Potential GDP means that the GDP reaches its maximum sustainable level.
The Taylor rule aims to define a guideline that applies to monetary authorities. It is based on the calculation of the short-term interest rate assumed to be "optimal" in line with the central bank's objective and the evolution of the Output Gap. The Output Gap is an Anglo-Saxon terminology that refers to the gap between observed Gross Domestic Product (GDP) and potential GDP. Potential GDP means that the GDP reaches its maximum sustainable level.
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