Measuring the Taylor rule's performance
Using a recently developed econometric technique to determine how the original Taylor rule and subsequent variations perform using different measures of inflation, output and unemployment. We found that the rule remains relevant today, despite the changes wrought by globalization, financial market innovations and technological advances.
Year of publication: |
2007
|
---|---|
Authors: | Fernandez, Adriana Z. ; Nikolsko-Rzhevskyy, Alex |
Published in: |
Economic Letter. - Federal Reserve Bank of Dallas. - Vol. 2.2007, 6
|
Publisher: |
Federal Reserve Bank of Dallas |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Can alternative Taylor-rule specifications describe Federal Reserve policy decisions?
Fernandez, Adriana Z., (2010)
-
Forecasting the end of the global recession : did we miss the early signs?
Fernandez, Adriana Z., (2011)
-
The relative performance of alternative Taylor rule specifications
Fernandez, Adriana Z., (2008)
- More ...