Frederic Poole Gorham, 1871-1933

R. G. Poole Lansdown

R. G. Poole Lansdown

Cases Treated in 1871

Frederic Charles Bartlett, 1886-1969.

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7 Discussion Frederic

Taylor's paper is a useful and balanced discussion of the implications of forward-looking behavior for how monetary policy should be conducted. However, he might leave the reader with a misleading impression that the nonmarket clearing, rational expectations approach that he advocates is an outlying position that is not widely accepted. To the contrary, a high, and I think growing, percentage o...