Taylor rules, long-run growth and real uncertainty

Annicchiarico, B. and Rossi, L. (2015) Taylor rules, long-run growth and real uncertainty. Economics Letters, 133. pp. 31-34. ISSN 0165-1765

Abstract

We study the effects of real uncertainty on long-run growth under different Taylor-type rules. We find a non-negligible relationship between real uncertainty and growth, which depends on the source of real uncertainty as well as on the type of the Taylor rule considered.