Why John Taylor May Be More Dovish Than Yellen

The transcript discusses the belief in achieving 3% GDP growth under the Trump administration through fiscal policy, and the skepticism of economists like Janet Yellen. It critiques the Hawk-Dove framework in monetary policy, suggesting it is misleading. The discussion also compares the Phillips model and Taylor rule, questioning their hawkishness and the implications for monetary policy decisions.

What are the main concerns economists have regarding the Trump administration's ability to achieve a 3% GDP growth through fiscal policy?

How does the Hawk Dove framework fail to accurately describe the candidates for the chair position?

How does the commitment to a 2% inflation target affect the interpretation of the Hawk Dove framework?

What implications does the Taylor rule have on monetary policy during economic crises?

In what ways might Janet Yellen's approach differ from John Taylor's regarding supply-side economic policies?