The Taylor Rules, Beveridge Curve, And Okun's Law Have All Become The Most Important Concepts In Economics | Exploring Markets

The Taylor Rules, Beveridge Curve, And Okun's Law Have All Become The Most Important Concepts In Economics

Here are 3 charts.

They cover the Taylor Rules, the Beveridge Curve, and Okun's Law.

Study these charts.

Collectively, they each have been called the 3 most important economic concepts of the 21st century. Why? Because of their significance to both Federal Reserve Chairs Ben Bernanke and Janet Yellen.

The following charts are from Morgan Stanley and provide a clear definition of each concept: