Agyapong, Joseph - In: Economies : open access journal 9 (2021) 2, pp. 1-27
This paper examines the effectiveness of the Taylor rule in contemporary times by investigating the exchange rate … employs various Taylor rule models with a non-drift random walk using monthly data from 1995 to 2019. The efficacy of the … coefficients and a constant. In particular, the results show that for the pre-financial crisis period, the Taylor rule was …