Journal Article
Measuring the Taylor rule's performance
Abstract: Using a recently developed econometric technique to determine how the original Taylor rule and subsequent variations perform using different measures of inflation, output and unemployment. We found that the rule remains relevant today, despite the changes wrought by globalization, financial market innovations and technological advances.
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Part of Series: Economic Letter
Publication Date: 2007
Volume: 2
Order Number: 6