Gavin, William T.; Keen, Benjamin D.; Pakko, Michael R. - Federal Reserve Bank of St. Louis - 2009
growth are negatively correlated at business cycle frequencies when the central bank follows a Taylor-type policy rule that … Measurement of the Output Gap and the Design of Monetary
Policy.” Journal of Economics and Business, January-April 2000, 52 … productivity growth are negatively correlated at business
cycle frequencies when the central bank follows a Taylor-type policy …