Taylor rule
reduced form approximation of the responsiveness of the nominal interest rate, as set by the central bank, to changes in inflation, output, or other economic conditions
en-US/ˈteɪlɚ ˈɹul/
en-GB/teɪlɔː ˈɹuːl/
reduced form approximation of the responsiveness of the nominal interest rate, as set by the central bank, to changes in inflation, output, or other economic conditions