The data relates to a study on the Taylor rule exchange rate model which incorporates the effects of alternative monetary policies such as QE and is related to the paper 'Taylor Rule Exchange Rate Mod
Many researchers have used federal funds futures rates as measures of financial markets' expectations of future monetary policy. However, to the extent that federal funds futures reflect risk premia,
The federal funds futures rate naturally embodies the market's expectation of the average behavior of the federal funds rate. This research points out that analysts cannot attempt to identify federal