ECTAP
 
HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact
 

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)

News

Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 5 / 2014 (594)

Implications of the financial crisis to the relevance of Taylor rule Case study: European Union

Cătălin-Emilian HUIDUMAC-PETRESCU
The Bucharest University of Economic Studies, Romania
Alexandru Cătălin POPA
The Bucharest University of Economic Studies, Romania

Abstract. The recent global economic crisis has caused huge losses not only financial but also and more important losses related to the general confidence in the ability of the science of economics to contribute to the political decision making in a manner that will ensure an economic, social and sustainable development on the long run. To this regards, the science of economics, as any other science, must constantly review all its mainstream theories, theories that in time have been implemented by most of the economic policymakers around the world. The Taylor rule is a central element in the decision making process of monetary policy rates set by most central banks, both in developed and emerging economies . This paper proposes an analysis of the Taylor rule efficiency in terms of achieving the objectives of the monetary policy throughout the European Union, and to briefly outline some possible adjustments taking into account the unique specificity of these economies.

Keywords: macroeconomics, economic crisis, monetary policy, financial markets, Taylor's rule.

Download the full article:  

Contents

The methodological predicament
Marin Dinu

Open acces

ECTAP

Search

BOOKS

The Economicity. The Epistemic Landscape, Marin Dinu, 2016

Partners


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România (AGER) / General Association of Economists From Romania  (GAER)
Redacția: 010702, București, Calea Griviței nr. 21, sector 1, E-mail: economia.ta@edeconomica.com

© 2006-2019 AGER