Dissecting Taylor Rules in a Structural VAR

WP/10/20

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 to demand shocks than to supply shocks, and more... READ MORE...

Publication date: January 2010
ISBN 9781451962291
$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

Paperback

Publication date: January 2010

PDF

Publication date: January 2010

English