The brothers Jens talk finance, economics, and the like.
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Bureau of Labor Statistics
Bloomberg data
Louis Rukeyser
Company News and Research
Yahoo Finance
MSN stock research
Quicken
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Marginal Revolution
The Knowledge Problem
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Dollars and Jens
Tuesday, October 13, 2009
taylor rules
it=0.82it-1-0.06+0.21 gt+0.37πt, with quarterly data, where g is the output gap as estimated by the CBO and π is year-to-year core PCE inflation. This can be rewritten
it=0.82it-1+0.18*(-0.33+1.17 gt+2.05πt), where the last two coefficients are consistent with 1 and 2 if you do the regression.
- posted by dWj @ 6:08 PM
