本文的目的為探討泰勒法則是否能描繪亞太地區國家中央銀行貨幣政策。研究對象為採浮動匯率制度，且受亞洲金融風暴影響之出口導向國家，即台灣、韓國、菲律賓、泰國、印尼、日本、新加坡等國。且以1997 年為分割點將資料分割為兩個次樣本，藉此研究金融風暴前後泰勒法則是否仍能描繪亞太地區國家央行貨幣政策；並研究央行所關心的為一季的物價膨脹，抑或是一年的物價膨脹。
研究結果發現，在全樣本下，除了泰國、日本、新加坡外，泰勒法則皆能描繪央行貨幣政策。然而分段資料研究則顯示，唯有日本在金融風暴結束前之時期，泰勒法則無法描繪央行貨幣政策。且除了泰國外，央行所關心的皆為一季的物價膨脹，而非一年的物價膨脹。

This paper investigates whether the “Taylor rule” can appropriately describe the Central Bank‘s monetary policy in Asia-Pacific countries. The countries under
consideration were export-oriented countries that adopted floating exchange rate system, and affected by the Asian financial crisis. They include Taiwan, Korea,
Philippines, Thailand, Indonesia, Japan, Singapore. In addition we divide the sample period into two sub period based on the mid-1997 outbreak of the Asian financial crisis, to check the robustness of our results from the whole period. Furthermore, we investigate that the central bank cares for the quarterly inflation, or annual inflation.
The results over the whole period showed that the Taylor rule describe Central Bank‘s monetary policy except for Thailand, Japan and Singapore. The Taylor rule can not describe Japan's monetary policy when the period before Asian financial crisis is adopted. Besides, in addition to Thailand, the central banks concerned quarterly inflation rates than annual inflation rates.

第一章緒論…………….………………………...…………………1
第二章文獻回顧……….………………………...…………………4
第三章模型與估計方法………………………...…………...……10
第一節模型設定………………………………………...…………...……10
第二節研究方法………………………………………...…………...……12
第四章各國實證結果及分析…………………...…………...……14
第一節資料來源………………………………………...……….…...……14
第二節資料期間……….………………………………...…………...……14
第三節資料處理……….………………………………...…………...……15
第四節實證結果及分析.………………………………...…………...……16
第五章結論…………….………………………...………………..33
參考文獻………………….………………………...………………..35

中文參考文獻
劉淑敏(1999)，「泰勒法則在台灣的實證研究」，中央銀行季刊，第21 卷第4 期，頁79-96。
陳旭昇、吳聰敏(2010)，「台灣貨幣法則之檢視」，第38 卷第1 期，頁33-59。

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