This paper examines how recent econometric policy evaluation research on monetary policy
rules can be applied in a practical policymaking environment. According to this research, …

… It is a pleasure to discuss this paper by John Taylor. In it, he proposes to use the Taylor rule
as an analytical framework for the interpretation of monetary history, much as Friedman and …

This paper is an empirical investigation of the role of government actions and interventions
in the financial crisis that flared up in August 2007. It integrates and summarizes several …

This graduate-level text is intended for any student of physics who requires a thorough
grounding in the quantum theory of nonrelativistic scattering. It is designed for readers who are …

… Bruns, and John W. Taylor, who pioneered the use of PCR for fungal phylogenetics and
ecology. The universal primers designed by this group (1990) continue to be used widely …

The paper investigates an econometric method for selecting macroeconomic policy rules
when expectations are formed rationally. A simple econometric model of the US is estimated …

The recent financial crisis saw a dramatic and persistent jump in interest rate spreads between
overnight federal funds and longer-term interbank loans. The Fed took several actions to …

The potential of monetary policy to stabilize fluctuations in output and employment is
demonstrated in a stochastic rational expectations model in which firms choose, considering …

Since the mid-1980s, monetary policy has contributed to a great moderation of the housing
cycle by responding more proactively to inflation and thereby reducing the boom bust cycle. …

For a country that chooses not to “permanently” fix its exchange rate through a currency board,
or a common currency, or some kind of dollarization, the only alternative monetary policy …