Stanford University's Taylor on the Taylor Rule

The video discusses the debate on potential economic growth and the equilibrium real interest rate, which has shifted from 4% to possibly lower. It examines the Taylor rule's relevance in current economic conditions and the challenges of implementing rate cuts to stimulate the economy. The discussion also covers the potential use of negative interest rates and their implications, with a focus on future policy strategies.

What does the Taylor rule suggest regarding the Fed funds rate?

What concerns were raised about the effectiveness of negative interest rates?