Question: John Taylor has argued thatConsiderable empirical work supports the view that interest were low for too long in 2 0 0 3 - 2 0

John Taylor has argued thatConsiderable empirical work supports the view that interest were low for too long in 2003-2005 and were a major factor in the Source: John Taylor, First Principles: Five Keys to Restoring America's Prosperity, New York Company2012p When comparing the actual target federal funds rate and the federal funds by the during the 2003-2005 periodthe Taylor rule federal rate

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