That is a criticism frequently made by John Taylor of Stanford University, author of the Taylor rule on how interest rates should change in response to movements in inflation and GDP.
斯坦福大学的约翰-泰勒时常批评美联储在该阶段的货币政策。约翰-泰勒着有《泰勒法则》一书,该书讨论了利率应如何随通胀和GDP的变动而变化。
I have the Taylor rule on the line with respect to the Federal fund「s rate.
网上有泰勒规则啊,根据它能算出联邦基金利率。
Ah: in this post on interest rates and inflation, I neglected to point out that right now we」re not on the Taylor rule line, because of the zero lower bound. The picture looks like this.
呃:在《利率和通货膨胀》这篇文章里,我忘了指出,因为零下限,所以我们现在并不在泰勒规则线上。
If we apply the Rudebusch version of the Taylor rule to the mean Fed forecasts, I get the following for what the Fed funds rate should be.
如果我们根据美联储的预测数据,应用鲁迪·布什版本的泰勒公式来计算未来的利率,我们能够得到如下的结果。
Mr Bernanke points out that based on contemporary forecasts for its preferred inflation measure, the Fed actually followed the Taylor rule reasonably closely.
伯南克先生指出基于采用的通胀标準所作出的同时期预测,美联储实际上相当严格的遵循了泰勒规则。