Fed: Double Inertia, Taylor Rules, and Monetary Policy Gradualism
June 04, 2026
June 04, 2026
WASHINGTON, June 4 (TNSLrpt) -- The Federal Reserve issued the following white paper abstract (No. 2026-036) in June 2026 by Edmund Crawley, William Goodwin, Margaret M. Jacobson, and Fabian Winkler, entitled "Double Inertia, Taylor Rules, and Monetary Policy Gradualism".
Here are excerpts:
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In recent decades, an empirically estimated double-inertial rule fits the path of changes in the federal funds rate better than a standard inertial Taylo . . .
Here are excerpts:
* * *
In recent decades, an empirically estimated double-inertial rule fits the path of changes in the federal funds rate better than a standard inertial Taylo . . .