Steve Williamson responds to my post asking whether it was sticking to the Taylor Rule that got us into the mess [the opposite of John Taylor's contention, that it was departing from it that was the problem!].
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Steve Williamson on Taylor Rules
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Steve Williamson responds to my post asking whether it was sticking to the Taylor Rule that got us into the mess [the opposite of John Taylor's contention, that it was departing from it that was the problem!].