IDEAS home Printed from https://ideas.repec.org/a/jtc/journl/v2y2017i1p14-29.html
   My bibliography  Save this article

Building a Taylor Rule Using FRED

Author

Listed:
  • Diego Mendez-Carbajo

    (Illinois Wesleyan University)

  • Keith G. Taylor

    (Illinois Wesleyan University)

  • Mark A. Bayles

    (Federal Reserve Bank of St. Louis)

Abstract

This article discusses how to build and display a graph of a Taylor rule with FRED, the St. Louis Fed’s economic database. The article provides additional...

Suggested Citation

  • Diego Mendez-Carbajo & Keith G. Taylor & Mark A. Bayles, 2017. "Building a Taylor Rule Using FRED," Journal of Economics Teaching, Journal of Economics Teaching, vol. 2(1), pages 14-29, June.
  • Handle: RePEc:jtc:journl:v:2:y:2017:i:1:p:14-29
    as

    Download full text from publisher

    File URL: http://downloads.journalofeconomicsteaching.org/2/1/1-2.pdf
    Download Restriction: no

    File URL: https://www.journalofeconomicsteaching.org/building-a-taylor-rule-using-fred-mendez-carbajo/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mark Maier & Joann Bangs & Niels-Hugo Blunch, 2010. "Context-rich Problems in Economics," Chapters, in: Michael K. Salemi & William B. Walstad (ed.), Teaching Innovations in Economics, chapter 8, Edward Elgar Publishing.
    2. Fernanda Nechio, 2011. "Monetary policy when one size does not fit all," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue june13.
    3. Stephen G. Marks & Michael G. Rukstad, 1996. "Teaching Macroeconomics by the Case Method," The Journal of Economic Education, Taylor & Francis Journals, vol. 27(2), pages 139-147, April.
    4. Bill Dupor, 2015. "Liftoff and the Natural Rate of Interest," Economic Synopses, Federal Reserve Bank of St. Louis, issue 12.
    5. Mary C. Suiter & Keith G. Taylor, 2016. "Resources for economic educators from the Federal Reserve Bank of St. Louis," The Journal of Economic Education, Taylor & Francis Journals, vol. 47(1), pages 71-75, January.
    6. Michael K. Salemi, 2002. "An Illustrated Case for Active Learning," Southern Economic Journal, John Wiley & Sons, vol. 68(3), pages 721-731, January.
    7. Taylor, John B., 1993. "Discretion versus policy rules in practice," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 39(1), pages 195-214, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Wolfe, Marketa Halova, 2020. "Integrating data analysis into an introductory macroeconomics course," International Review of Economics Education, Elsevier, vol. 33(C).
    2. Debra Howcroft & Birgitta Bergvall-KÃ¥reborn, 2019. "A Typology of Crowdwork Platforms," Work, Employment & Society, British Sociological Association, vol. 33(1), pages 21-38, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Wolfe, Marketa Halova, 2020. "Integrating data analysis into an introductory macroeconomics course," International Review of Economics Education, Elsevier, vol. 33(C).
    2. Andrzej Rzonca & Piotr Cizkowicz, 2014. "The effects of unconventional monetary policy: what do central banks not include in their models? / Skutki niekonwencjonalnej polityki pieniê¿nej: czego banki centralne nie uwzglêdniaj¹w swoich modela," mBank - CASE Seminar Proceedings 131, CASE-Center for Social and Economic Research.
    3. Cimadomo, Jacopo & Giannone, Domenico & Lenza, Michele & Monti, Francesca & Sokol, Andrej, 2022. "Nowcasting with large Bayesian vector autoregressions," Journal of Econometrics, Elsevier, vol. 231(2), pages 500-519.
    4. Gilchrist, Simon & Schoenle, Raphael & Sim, Jae & Zakrajšek, Egon, 2023. "Financial heterogeneity and monetary union," Journal of Monetary Economics, Elsevier, vol. 139(C), pages 21-40.
    5. Stadtmann, Georg & Croonenbroeck, Carsten, 2019. "Die Bestimmung der natürlichen Höhe der Arbeitslosigkeit mittels des Hodrick-Prescott-Filterverfahrens," Discussion Papers 410, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
    6. Piotr Ciżkowicz & Andrzej Rzońcaz, 2017. "Are Major Central Banks Blinded By The Analytical Elegance Of Their Models? Possible Costs Of Unconventional Monetary Policy Measures," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 62(01), pages 87-108, March.
    7. Popov, Alexander A. & Steininger, Lea, 2023. "Monetary Policy and Local Industry Structure," Department of Economics Working Paper Series 333, WU Vienna University of Economics and Business.
    8. Dibooglu, Sel & Erdogan, Seyfettin & Yildirim, Durmus Cagri & Cevik, Emrah Ismail, 2020. "Financial conditions and monetary policy in the US," Economic Systems, Elsevier, vol. 44(4).
    9. Zhu, Bing & Betzinger, Michael & Sebastian, Steffen, 2017. "Housing market stability, mortgage market structure, and monetary policy: Evidence from the euro area," Journal of Housing Economics, Elsevier, vol. 37(C), pages 1-21.
    10. James B. Bullard, 2018. "R-star wars: the phantom menace," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 53(2), pages 60-65, April.
    11. Böing Tobias & Stadtmann Georg & Sydykova Meerim, 2016. "Measuring Nominal and Real Convergence of Selected CEE Countries by the Taylor Rule," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 52(1), pages 9-22, December.
    12. Sydykova, Meerim & Stadtmann, Georg, 2015. "Taylor rules for CEE-EU countries: How much heterogeneity?," Discussion Papers 377, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
    13. Pilar Beneito & Carlos Cháfer, 2020. "Capital Inflows and Costs: The Role of the Euro," Open Economies Review, Springer, vol. 31(5), pages 977-1008, November.
    14. Herwartz, Helmut & Reimers, Hans-Eggert, 2006. "Modelling the Fisher hypothesis: World wide evidence," Economics Working Papers 2006-04, Christian-Albrechts-University of Kiel, Department of Economics.
    15. Kui-Wai Li, 2013. "The US monetary performance prior to the 2008 crisis," Applied Economics, Taylor & Francis Journals, vol. 45(24), pages 3450-3461, August.
    16. Adnan Haider Bukhari & Safdar Ullah Khan, 2008. "A Small Open Economy DSGE Model for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(4), pages 963-1008.
    17. Popoyan, Lilit & Napoletano, Mauro & Roventini, Andrea, 2017. "Taming macroeconomic instability: Monetary and macro-prudential policy interactions in an agent-based model," Journal of Economic Behavior & Organization, Elsevier, vol. 134(C), pages 117-140.
    18. Lucian Croitoru, 2016. "Are We Systematically Wrong when Estimating Potential Output and the Natural Rate of Interest?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 128-151, June.
    19. Mumtaz, Haroon & Theodoridis, Konstantinos, 2017. "Common and country specific economic uncertainty," Journal of International Economics, Elsevier, vol. 105(C), pages 205-216.
    20. Evans, Charles L. & Marshall, David A., 2007. "Economic determinants of the nominal treasury yield curve," Journal of Monetary Economics, Elsevier, vol. 54(7), pages 1986-2003, October.

    More about this item

    Keywords

    FRED; macroeconomics; taylor rule;
    All these keywords.

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jtc:journl:v:2:y:2017:i:1:p:14-29. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ben Smith (email available below). General contact details of provider: https://www.journalofeconomicsteaching.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.