tag:blogger.com,1999:blog-8897997766931633186.post2035602372800459517..comments2024-02-14T03:21:37.506-05:00Comments on Monetary Freedom: The Taylor RuleBill Woolseyhttp://www.blogger.com/profile/06330232724290161369noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8897997766931633186.post-2785662694887557872010-01-24T04:57:08.871-05:002010-01-24T04:57:08.871-05:00"Or, maybe the GDP deflator is the wrong meas..."Or, maybe the GDP deflator is the wrong measure of the price level."<br /><br />I think I agree with this. The creation of the electronics industry has resulted in products that massively deflate. This change has increased the variance in the set of time derivatives, of prices at a given time.Doc Merlinhttps://www.blogger.com/profile/13615897698740661539noreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-62897212982601347092010-01-21T12:26:59.515-05:002010-01-21T12:26:59.515-05:00Thanks, Bill. Once again, a very enlightening pos...Thanks, Bill. Once again, a very enlightening post.Tom Doughertynoreply@blogger.comtag:blogger.com,1999:blog-8897997766931633186.post-46871977643811918642010-01-21T11:42:58.326-05:002010-01-21T11:42:58.326-05:00The above equation could easily be modified for no...The above equation could easily be modified for nominal GDP.<br /><br />FFR = C1 + C2x(GDPn - Desired path for GDPn)/Desired path for GDPn<br /><br />You might be interested in the following post<br />Incorporating NGDP into Taylor rule<br />http://himaginary.blogspot.com/2009/10/incorporating-ngdp-into-taylor-rule.htmlRichard A.noreply@blogger.com