ISLAM, Mohammed Saiful; ALI, Mohammad Hasmat - In: Economia. Seria Management 15 (2012) 1, pp. 189-203
This paper reviews the short- and long-run dynamics of interest rate and inflation of the United States. Basing upon quarterly as well as monthly data over the period 1957 to 2010, we find evidence that interest rate behaviour of the Federal Reserve is consistent with the Taylor principle in...