The art of monetary policy requires acting in accordance with the Taylor Rule.

Name: The art of monetary policy requires acting in accordance with the Taylor Rule.
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The Taylor Rule is a guideline for monetary policy, suggesting how central banks should adjust interest rates in response to changes in economic conditions, but it is not the only approach to conducting monetary policy. Central banks may use a variety of tools and frameworks to achieve their goals.

The Art of Monetary Policy Requires Acting in Accordance with the Taylor