Building a Taylor Rule Using FRED
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June 21, 2017This article discusses how to build and display a graph of a Taylor rule with FRED, the St. Louis Fed’s economic database. The article provides additional instructions for saving the graph to a FRED Dashboard and puts forward a series of classroom discussion questions and suggested assignments. We argue that this pedagogical strategy provides an engaging context for the discussion of an otherwise abstract topic in macroeconomics.
Diego Mendez-Carbajo, Keith G. Taylor and Mark A. Bayles
Mendez-Carbajo, D., Taylor, K., & Bayles, M. (2017). Building a Taylor Rule Using FRED. Journal of Economics Teaching, 2(1), 14-29. DOI: 10.58311/jeconteach/679b735e63f4f34157992492f252687814e880eb