Blar i Handelshøyskolen BI på emneord "Taylor rules"
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Taylor Rules with Endogenous Regimes
(CAMP Working Paper Series;04/2024, Working paper, 2024-05-07)The Fed’s policy rule switches during the different phases of the business cycle. This finding is established using a dynamic mixture model to estimate regime-dependent Taylor-type rules on US quarterly data from 1960 to ...