Dissecting Taylor Rules in a Structural VAR /
This paper uncovers Taylor rules from estimated monetary policy reactions using a structural VAR on U.S. data from 1959 to 2009. These Taylor rules reveal the dynamic nature of policy responses to different structural shocks. We find that U.S. monetary policy has been far more responsive over time t...
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| Fformat: | Cylchgrawn |
| Iaith: | English |
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Washington, D.C. :
International Monetary Fund,
2010.
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| Cyfres: | IMF Working Papers; Working Paper ;
No. 2010/020 |
| Mynediad Ar-lein: | Full text available on IMF |