Wu, Tao - Federal Reserve Bank of San Francisco - 2001
interest rates and exogenous monetary-policy shocks in the U.S. after 1982. Using first a six-variable VAR model and then a GMM … estimation model of the "Taylor rule," I estimate the exogenous monetary-policy shocks implied by each of them in the U.S. during … from the correlation study suggest that there is strong correlation between the slope factor and the exogenous monetary-policy …