The Taylor Rule and Fisher Relation can be represented on a graph that allows for discussion of the zero lower bound on interest rates, the existence of multiple equilibria, secular stagnation and Japan’s lost decade, among other issues. The Taylor Rule and Fisher Relation can also be included in a small macroeconomic model that can be used to study the stability under various interest rate rules under adaptive expectations or solved under rational expectations. There are a number of related empirical exercises using both descriptive statistics and regressions for undergraduates with intermediate macro level knowledge.

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高级本科宏观经济学泰勒规则的多面性

泰勒规则和费雪关系可以用图表表示，该图表允许讨论利率的零下限、多重均衡的存在、长期停滞和日本失去的十年等问题。泰勒规则和费雪关系也可以包含在一个小的宏观经济模型中，可以用来研究各种利率规则在适应性预期下或在理性预期下求解的稳定性。对于具有中级宏观知识的本科生，有许多使用描述性统计和回归的相关经验练习。