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