Factors Determining the Accuracy of the Taylor Rule
Today and in the future and helps the public understand the responsibility of policy makers for LSCS decisions (Kahn 2010). 1.1.2 Taylor rule for calculating policy interest rate The original formula of Professor Taylor (1993) is as follows: i t = π t + 0.5(y t )+ 0.5(π t – 2) + 2 (1.1) and ...












