The Taylor principle in the long run: An empirical perspective

Yu Hsi Chou; Jyh Lin Wu

doi:10.1111/coep.12055

The Taylor principle in the long run: An empirical perspective

研究成果: 雜誌貢獻 › 期刊論文 › 同行評審

摘要

In this paper, we empirically assess the Taylor principle in the long run with a small-scale, trivariate structural vector autoregression. Using U.S. data spanning the period from 1959Q1 to 2010Q2 and different measures of inflation and the output gap, we find that the Taylor principle is supported in the long run for the post-1979 era, but the principle is unlikely to hold in the long run for the pre-1979 era.

原文	英語
頁（從 - 到）	66-86
頁數	21
期刊	Contemporary Economic Policy
卷	33
發行號	1
DOIs	https://doi.org/10.1111/coep.12055
出版狀態	已發佈 - 2015 1月 1
對外發佈	是

ASJC Scopus subject areas

一般商業，管理和會計
經濟學與計量經濟學
公共行政

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10.1111/coep.12055

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引用此

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The Taylor principle in the long run: An empirical perspective

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