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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.
Competing for Employees: Proven Marketing Strategies for Hiring & Keeping Exceptional People
Behavior & Learning of Animal Babies
Sagas of Icelanders: A Selection
Comes the Millennium
Woman’s Guide to Making Therapy Work
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