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Is the Fed Following a “Modernized” Version of the Taylor Rule? Part 1

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Abstract

The Taylor rule indicates the current federal funds target rate should be higher.

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  • 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.
    • Handle: RePEc:fip:fedles:00131
    DOI: doi.org/10.20955/es.2019.2
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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. Pier Francesco Asso & George A. Kahn & Robert Leeson, 2007. "The Taylor rule and the transformation of monetary policy," Research Working Paper RWP 07-11, Federal Reserve Bank of Kansas City.
    3. Thomas Laubach & John C. Williams, 2015. "Measuring the natural rate of interest redux," Working Paper Series 2015-16, Federal Reserve Bank of San Francisco.
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    Cited by:

    1. 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.
    2. Guizhou Wang & Kjell Hausken, 2023. "Modeling which Factors Impact Interest Rates," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 12(2), pages 211-237.
    3. 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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