Macro Musings with David Beckworth cover image

Charlie Evans on the Past, Present, and Future of U.S. Monetary Policy

Macro Musings with David Beckworth

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Coalescing of the Federal Funds Rate and the Emergence of the Taylor Rule

This chapter examines the historical development of using the federal funds rate as a target for the Fed, the emergence of the Taylor rule, and the importance of interest rates as a measurement for monetary policy.

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