This 2001 American Economic Review paper by Athanasios Orphanides asks how large the informational problem is when Taylor-type interest rate rules are implemented with the data actually available to …
PublishedClassicJournal of Money, Credit and BankingPublished Apr 2004
Re-estimating the Clarida-Galí-Gertler forward-looking Fed policy rule using only the real-time Greenbook forecasts available to the FOMC at the time, rather than revised after-the-fact data, this …