![Economies | Free Full-Text | Nonlinear Monetary Policy Rules: An Essay in the Comparative Study on Egyptian and Tunisian Central Banks Economies | Free Full-Text | Nonlinear Monetary Policy Rules: An Essay in the Comparative Study on Egyptian and Tunisian Central Banks](https://www.mdpi.com/economies/economies-04-00006/article_deploy/html/images/economies-04-00006-g001.png)
Economies | Free Full-Text | Nonlinear Monetary Policy Rules: An Essay in the Comparative Study on Egyptian and Tunisian Central Banks
The Optimal Reentry to a Monetary Policy Strategy1 John B. Taylor Department of Economics and Hoover Institution Stanford Univer
![John Taylor of Stanford University proposed the following monetary policy rule: R_t - r= m(p_t - p)+nY_r That is, Taylor suggests that monetary policy should increase the real interest rate whenever o John Taylor of Stanford University proposed the following monetary policy rule: R_t - r= m(p_t - p)+nY_r That is, Taylor suggests that monetary policy should increase the real interest rate whenever o](https://homework.study.com/cimages/multimages/16/ad_and_as_curve2942229708968822081.jpg)