Paul - a business student at the European University Viadrina with a major in finance - ran into a blog: Ben Bernanke was discussing the question of whether the Taylor rate can serve as a benchmark for the monetary policy of the Federal Reserve. The original monetary policy rule was formulated by Taylor (1993) and has been regarded as a general guideline or rule of thumb in order to explain the interest rate decisions of the Federal Reserve Bank. Paul now wanted to find out whether he was able to replicate the results of Bernanke (2015a). Mainly, he wanted to understand the adjustments made by Bernanke. Can the Taylor rule still serve as a benchmark for the monetary policy of the Fed in 2015?
|Number of pages||7|
|Publication status||Published - 28. May 2018|