Should the Federal Reserve reconsider the Taylor Rule? Audiences to the Taylor rule might be those that wish to adjust reduced unemployment and the increasing of wages to enact real world and distributive, justice. 2022 was a year where in March inflation increased by 8.5 percentage points (El-Bawab). Couldn't the inflation target have been adjusted, correcting the Phillips curve? Yes, asset pricing is big in finance theory, but is it involved in the distribution of goods, opportunities, and resources to areas of global poverty?

Works Cited.

El-Bawab, Nadine. “What Can the Government Do to Stop or Slow Inflation?” ABC News, 17 Apr. 2022,
abcnews.go.com/Business/government-stop-slow-inflation/story?id=84031525. Accessed 7 Feb. 2023. Article written by Nadine El-Bawab about information regarding inflation. Its historical context involves the year 2022 because that is the year when the article was released. It states that inflation rose 8.5% in March of that year compared to the prior 12 months to April of 2022. The article states that the 8.5% increase indicates the highest increase since 1981 according to the Labor Department’s Consumer Price Index. High consumer demand met with low supply is what is argued to be what is driving inflation, but also the war in Ukraine is argued to be contributing; according to several economists and experts. The government is limited on intervening because of contexts related to social studies. Stimulus packages may not necessarily contribute to inflation because of the context of 7.5% inflation in Europe of this text’s historical context. Experts discussed in the text indicate that there is not much that the government can do, but that the Federal Reserve should raise interest rates.
Gillman, Max. “Lucas’s Methodological Divide in Inflation Theory: A Student’s Journey.” Journal of Economic Methodology, vol. 29, no. 1, Mar. 2022, pp. 30–47. EBSCOhost, https://doi-org.ezproxy.snhu.edu/10.108 ... 21.2019818. Asset pricing provides an alternative to Taylor interest rate rule (Gillman, page 2) while uncertainty provides Phillips curve behavior in an exchange framework (Gillman, page 2). Lucas’s Methodological Divide in Inflation Theory: A Student’s Journey is about Robert E. Lucas, Jr. towards the beginning of the text where it says that he a was professor at the University of Chicago. He was involved with specific topics according to the writer of Lucas’s Methodological Divide in Inflation Theory: A Student’s Journey. Topics like asset pricing, and "price-theoretic foundations of aggregate supply and demand for output." Gillman, author of Lucas’s Methodological Divide in Inflation Theory: A Student’s Journey, says Lucas was wrong in his paper he wrote in 1976: "Econometric policy evaluation: A critique" (Gillman, page 2). Gillman says that with the evidence of Phillips curves. Gillman describes the consumer or firm in Lucas' critique when he says the following statement. Gillman says that when mathematical uncertainty is evident behavioral parameters may change and there could be a policy change or even a regime change which will change things. He describes an alternative hypothesis as a long-run negatively sloped Phillips curve that has long been a key issue dividing neoclassical and New Keynesian economics, with the latter using ‘secular stagnation’ theories based for example on the estimation of a 60-year long-term Phillips curve (Gillman, page 2).
Hutchings, Kimberly. Global Ethics : An Introduction. 2nd ed., Polity, 2018. Textbook concerning the ethics in global society. Discusses global distributive justice and global ethical frameworks; but also globalization from the perspective of global ethics.