Abstract
Now we have considered the major policy shifts of the Fed since 1970 and analysed perhaps the best-known monetary policy model for the United States, the Taylor rule, this chapter presents a new version based on an empirical study of Fed policy.
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© 2004 Matthew Clements
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Clements, M. (2004). The Monetary Policy Model (MPM). In: Explaining and Forecasting the US Federal Funds Rate. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230509030_4
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DOI: https://doi.org/10.1057/9780230509030_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-51663-6
Online ISBN: 978-0-230-50903-0
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)