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This paper examines the relationship between Federal Reserve policy and the Taylor rule, a commonly used model for guiding monetary policy. The study analyzes the deviation of the actual Federal Funds Rate from the Taylor Rule model during distinct structural changes, using real-time...
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The stable money demand function is a crucial policy tool of the monetary policy of any central bank, which links the … monetary sector of an economy to its real sector. Notably, after the global financial crisis of 2007-08, the role of money has … bound. It is crucial to know whether money demand is stable for inferring a sound monetary policy. To this end, the present …
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