Taylor formula - L2 vs L3

CFA Level III Economics
#1

All, why is the formula for the Taylor rule different in L2 and L3.

I mean, on L3 they now say that Interest rate target = neutral interest rate + 0,5 (GDPe - GDPtrend) + 0,5 (ie - i target)

Before, I remember they included also a “current inflation rate” term. Also, the 0,5 factors were not always 0,5. It depended on the influence of each factor on the economy.

Can anyone clarify the differences? We should ignore the inflation rate in L3?

#2

A similar question http://www.analystforum.com/forums/cfa-forums/cfa-level-iii-forum/91355038

#3

I forgot to thank you in the earlier post. So thank you for your help, krokodilizm!

#4

thanks guys.