The Taylor rule in the year 2015: Still a benchmark for monetary policy?

Georg Stadtmann, Sophie Dunsch

Research output: Monograph/anthology/thesis/reportReportCommunication

Abstract

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?
Original languageEnglish
PublisherCase Centre
Number of pages7
Publication statusPublished - 28. May 2018
Externally publishedYes

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