Building a Taylor Rule Using FRED

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This 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