, using real-time data available to policymakers (although not to Taylor when he wrote the paper), there is a sharp difference … in the implications of rules with a smaller and a larger output gap coefficient. If John Taylor had been able to use real-time … data in his 1999 paper, the importance of the distinction between Taylor’s original rule with a smaller output gap …

PCE using nonparametric methodologies. The combined fields of real-time data and nonparametric forecasting have not been ….) analysis of real-time data; (ii.) the additional benefits of using nonparametric econometrics to examine real-time data; and … (iii.) nonparametric forecasting with real-time data. Regarding the analysis of real-time data revisions, this paper finds …

PCE using nonparametric methodologies. The combined fields of real-time data and nonparametric forecasting have not been ….) analysis of real-time data; (ii.) the additional benefits of using nonparametric econometrics to examine real-time data; and … (iii.) nonparametric forecasting with real-time data. Regarding the analysis of real-time data revisions, this paper finds …