⟳ Репост от Tony Yates

1/I've been thinking about this. Potentially, it could be at least 5 different things: (i) An explicit statement of the central bank's policy rule, e.g. blind adherence to a specific Taylor rule with specific parameter values; (ii) every time the central bank takes an action, the person in...

Tony Yates

It has at least two different and specific meanings!