22 Ergebnisse
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In: The journal of economic history, Band 76, Heft 1, S. 272-273
ISSN: 1471-6372
In: Journal of Monetary Economics, Band 73, S. 115-118
In: Journal of economic dynamics & control, Band 52, S. A1-A10
ISSN: 0165-1889
In: Carnegie Rochester Conference series on public policy: a bi-annual conference proceedings, Band 48, S. 43-50
ISSN: 0167-2231
In: Journal of Monetary Economics, Band 34, Heft 3, S. 429-443
In: Journal of Monetary Economics, Band 29, Heft 1, S. 3-24
In: Economic commentary, S. 1-4
ISSN: 0428-1276
A Taylor rule captures the historical behavior of the federal funds rate better when it also includes a partial-adjustment factor. Typically, the type of partial adjustment added is consistent with the FOMC avoiding large jumps in the level of the funds rate. We add another type of partial adjustment—consistent with the FOMC avoiding changes in the pace of change and improve the rule's historical fit.
In: Economic commentary, S. 1-4
ISSN: 0428-1276
There are many possible formulations of the Taylor rule. We consider two that use different measures of economic activity to which the Fed could react, the output gap and the growth rate of GDP, and investigate which captures past movements of the fed funds rate more closely. Looking at these rules through the lens of a partial-adjustment Taylor rule, we conclude that the gap rule does a better job of explaining the actual funds rate data, and provides a better rule-of-thumb for understanding historical monetary policy.
In: Journal of Monetary Economics, Band 51, Heft 2, S. 327-338
In: American economic review, Band 92, Heft 2, S. 79-84
ISSN: 1944-7981
In: Carnegie Rochester Conference series on public policy: a bi-annual conference proceedings, Band 54, Heft 1, S. 1-27
ISSN: 0167-2231
In: Journal of Monetary Economics, Band 47, Heft 2, S. 285-298
In: Journal of political economy, Band 106, Heft 4, S. 860-866
ISSN: 1537-534X
In: Journal of political economy, Band 106, Heft 4, S. 860
ISSN: 0022-3808
In: Journal of Monetary Economics, Band 36, Heft 2, S. 247-267