Taylor Rule

rffrydr · Posted: Tue Oct 27, 2009 8:08 am Post subject: Taylor Rule

As posted here before, nominal GDP is nothing obvious, nonetheless:

http://2.bp.blogspot.com/_eKH-tiSXFbc/SuFvCK8CVMI/AAAAAAAAF4Q/4haVdST7nuk/s1600-h/TAYLOR+RULE.GIF
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rffrydr · Posted: Tue Mar 13, 2012 7:12 pm Post subject:

Don't like it....but, still:

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nodoodahs · Moderator Joined: 06 May 2005 Posts: 2408

Whether the humble reader likes Taylor, or not, the Fed likes Taylor.

Increasingly clear that more is coming down the pike. It's been an interesting year to date. Sad

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rffrydr · Posted: Sat Sep 03, 2011 9:36 am Post subject:

Taylor likes QEIII:

http://macro-man.blogspot.com/2011/09/tayloring-pantomime-bear.html
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rffrydr · Posted: Wed Mar 17, 2010 7:06 am Post subject:

Bloomberg financial conditions index:

http://www.bloomberg.com/apps/cbuilder?ticker1=BFCIUS%3AIND
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rffrydr · Posted: Wed Mar 17, 2010 6:48 am Post subject:

Culture come first. There's been a series of new "financial conditions" indices in light of the general failure of rates and money measurements to reflect actual credit conditions for the diverse and varied players and structures that make up our economy.

http://online.wsj.com/article/SB10001424052748703940704575089952960290116.html?KEYWORDS=goldman+financial+conditions+index

Bloomberg's is often looked at now. Nothing new here:

http://www.milkeninstitute.org/pdf/Dudleytranscript.pdf

Indeed the very need to impose a formulaic "rule" is a symptom of this article of faith in the financial community that economics rules the world. We see above what a struggle it is to always make this belief fit. The truth is it's always a dance between the economy and the broader world of which it only a part. Indeed there was a time not long ago when Wall St. was no way near the top of the pay grade--a time of grand politics and economic abstractionism.

The FED is always in a dance--one it seldom leads.
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rffrydr · Posted: Wed Oct 28, 2009 8:42 am Post subject:

Fed Plosser sees Taylor Rule (in one of it many iterations) as most important tool of communication between FEDRESERVE and public.

http://media.bloomberg.com/bb/avfile/Economics/On_Economy/v1WuiItdFkD4.mp3
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