Question

what is Taylor's rule​

Answer 1

In economics, a Taylor rule is a 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..

...

Answer 2

It is mathematical formula developed by john taylor to provide guidance to U.S. Federal Reserves and other central banks for setting short-term interest rates based on ecomomic conditions..

I hope it will help u..

follow me...