> Japanese Zero Brilliant. I could have made the confusion so much worse. > I've long thought that the Taylor Rule should be interpreted as a kind of PID cont

> Japanese Zero Brilliant. I could have made the confusion so much worse. > I've long thought that the Taylor Rule should be interpreted as a kind of PID controller... Yes, this exactly. I'm writing a part 2 from exactly that perspective, and I also want to examine how forward guidance reduces phase margin. But there are a few more concepts I have to lay the groundwork for beforehand, especially how to model forward-looking expectations. It might not be ready particularly soon... I wasn't expecting so much attention so quickly!