An edition of Identification with Taylor Rules
(2007)
Identification with Taylor Rules
a critical review
by John H. Cochrane
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The parameters of the Taylor rule relating interest rates to inflation and other variables are not identified in new-Keynesian models. Thus, Taylor rule regressions cannot be used to argue that the Fed conquered inflation by moving from a "passive" to an "active" policy in the early 1980s.
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Inflation (Finance), Mathematical models| Edition | Availability |
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1
Identification with Taylor Rules: a critical review
2007, National Bureau of Economic Research
in English
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Book Details
Edition Notes
"September 2007"
Includes bibliographical references (p. 41-43).
Also available in PDF from the NBER World Wide Web site (www.nber.org).
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- Created September 29, 2008
- 4 revisions
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| December 19, 2020 | Edited by MARC Bot | import existing book |
| December 15, 2009 | Edited by WorkBot | link works |
| April 25, 2009 | Edited by ImportBot | add OCLC number |
| September 29, 2008 | Created by ImportBot | Imported from Oregon Libraries MARC record |