Møller Christensen, Anders (contributor); … - 2003 - [Elektronische Ressource]
Based on the equilibrium correction structure of a cointegrated vector autoregression it is rejected that US monetary … policy 1988-2002 can be described by a traditional Taylor (1993) rule. Instead we find a stable long-term relationship … Nielsen
University of Copenhagen
Has US Monetary Policy Followed
the Taylor Rule?
A Cointegration Analysis …