Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Taylor Rule and the Greenspan Era: A Reprint from the “Economic Quarterly”
Yash P. Mehra (au); Brian D. Minton (au)
This article estimates a Taylor rule according to which the Federal Reserve is forward looking, focused on core inflation, & smoothes interest rates. Using the Greenbook inflation forecasts & the real-time output gap, the estimated policy rule predicts very well the actual path of the federal funds rate over 1987 to 2000. However, there are few periods when the Greenspan Fed is off the estimated rule, arising perhaps as a result of the Federal Reserve response to special macro-economic developments not captured by the simple rule. Illustrations.
Family Herbal Cookbook: A Guide to the Ancient Chinese Philosophy of Food & Health
McGraw-Hill Multimedia Handbook
Essential Tibetan Buddhism
Comes the Millennium
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.