Online First Journal of Money, Credit and Banking Online 19 Nov 2025Taylor Rule Deviations Across Horizons: A Practical Tool for Monetary PolicyMasazumi Hattori · Tomohide Mineyama · Jouchi NakajimaThe paper addresses a fundamental limitation of the standard Taylor rule as a monetary policy stance gauge: the rule is defined solely for the overnight federal funds rate (FFR) and cannot assess …