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The Taylor Rule and "opportunistic" monetary policy

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The Taylor rule and "opportunistic" monetary policy

Bunzel, Helle; Enders, Walter - 2010

Persistent link: https://www.econbiz.de/10003926077

The Taylor Rule and 'Opportunistic' Monetary Policy

Bunzel, Helle - 2010

We investigate the possibility that the Taylor rule should be formulated as a threshold process such that the Federal Reserve acts more aggressively in some circumstances than in others. It seems reasonable that the Federal Reserve would act more aggressively when inflation is high than when it...

Persistent link: https://www.econbiz.de/10013148557