We estimate a monetary policy rule for the US allowing for possible frequency dependence—i.e., allowing the central … priori assumptions on the pattern of frequency dependence or on the nature of the processes generating either the data or the … frequency dependence in the key coefficients of the central bank's policy rule: i.e., the central bank's federal funds rate …

- sumptions on the pattern of frequency dependence or on the nature of the data-generating process. It also allows for possible …