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Output Gaps, the Taylor Rule and the Stance of Monetary Policy
Abstract: The Taylor rule offers a formula to calculate a prescribed policy rate. How do alternative measures of the output gap affect this prescribed rate?
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https://www.stlouisfed.org/on-the-economy/2024/mar/output-gaps-taylor-rule-stance-monetary-policy
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Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2024-03-04