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Madeira, J. & Palma, N. (2018). Measuring monetary policy deviations from the Taylor rule. Economics Letters. 168, 25-27
Export Reference (IEEE) 
J. A. Madeira and P. N.,  "Measuring monetary policy deviations from the Taylor rule", in Economics Letters, vol. 168, pp. 25-27, 2018
Export BibTeX 
@article{madeira2018_1716176903281,
	author = "Madeira, J. and Palma, N.",
	title = "Measuring monetary policy deviations from the Taylor rule",
	journal = "Economics Letters",
	year = "2018",
	volume = "168",
	number = "",
	doi = "10.1016/j.econlet.2018.03.034",
	pages = "25-27",
	url = "https://www.sciencedirect.com/journal/economics-letters"
}
Export RIS 
TY  - JOUR
TI  - Measuring monetary policy deviations from the Taylor rule
T2  - Economics Letters
VL  - 168
AU  - Madeira, J.
AU  - Palma, N.
PY  - 2018
SP  - 25-27
SN  - 0165-1765
DO  - 10.1016/j.econlet.2018.03.034
UR  - https://www.sciencedirect.com/journal/economics-letters
AB  - We estimate deviations of the federal funds rate from the Taylor rule by taking into account the endogeneity of output and inflation to changes in interest rates. We do this by simulating the paths of these variables through a DSGE model using the estimated time series for the exogenous processes except for monetary shocks. We then show that taking the endogeneity of output and inflation into account can make a significant quantitative difference (which can exceed 40 basis points) when calculating the appropriate value of interest rates according to the Taylor rule.
ER  -