Taylor Rule Inflation Rate

CFA Level III Economics
#1

In textbook, Taylor Rule is illustrated as,
R-policy = r-neutral + I-expected + 0.5 (G-expected - G-trend) + 0.5 (I-expected - I-target)

While in Schweser Notes, the rule is illustrated as,
R-policy = r-neutral + I-target + 0.5 (G-expected - G-trend) + 0.5 (I-expected - I-target)

Which inflation rate, target or expected, should be used as the second term here? Good luck to all!

#2

What do you mean by “notes”?

#4

Hi! It refers to Schweser Notes.

#5

Check Schweser’s errata; I believe that they have it wrong.