Papell, David; Nikolsko-Rzhevskyy, Alex; Prodan, Ruxandra - Department of Economics, University of Houston - 2013
The Taylor rule has been the dominant metric for monetary policy evaluation over the past 20 years, and it has become common practice to identify periods where policy either adheres closely to or deviates from the Taylor rule benchmark. The purpose of this paper is to identify (Taylor)...
