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Is the Fed Following a “Modernized” Version of the Taylor Rule? Part 2

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Abstract

The past period?s policy rate is extraordinarily important for setting the current period?s policy rate in the modernized Taylor rule.

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  • Kevin L. Kliesen, 2019. "Is the Fed Following a “Modernized” Version of the Taylor Rule? Part 2," Economic Synopses, Federal Reserve Bank of St. Louis, issue 3, pages 1-3.
    • Handle: RePEc:fip:fedles:00132
    DOI: 10.20955/es.2019.3
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    References listed on IDEAS

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    1. James B. Bullard, 2018. "Modernizing Monetary Policy Rules: a presentation a t the Economic Club of Memphis, Memphis, Tenn," Speech 324, Federal Reserve Bank of St. Louis.
    2. Kevin L. Kliesen, 2019. "Is the Fed Following a “Modernized” Version of the Taylor Rule? Part 1," Economic Synopses, Federal Reserve Bank of St. Louis, issue 2, pages 1-2.
    3. Jerome H. Powell, 2018. "Monetary policy and risk management at a time of low inflation and low unemployment," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 53(4), pages 173-183, October.
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    Cited by:

    1. Patrick M. Crowley & David Hudgins, 2022. "Monetary policy objectives and economic outcomes: What can we learn from a wavelet‐based optimal control approach?," Manchester School, University of Manchester, vol. 90(2), pages 144-170, March.

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