five

Beyond the Taylor Rule

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NBER2025-09-01 更新2025-09-13 收录
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https://www.nber.org/papers/w34200
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The Federal Reserve partially "looked through" the post-Covid rise in inflation and ultimately managed to bring about an "immaculate disinflation." The Fed's policy deviated strongly from the Taylor rule during this period. More generally, central banks with strong inflation-fighting credentials
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2025-09-01
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