US Treasury's Taylor on monetary policy modeling

In the speech 'Monetary Policy Modeling: Where Are We?' given on 12 April, John Taylor US Treasury Under Secretary said the success of quantitative modeling in the field of monetary policy is clear, and this is due in large part to the "translational economic" work by Dale Henderson, Richard Porter, and Peter Tinsley.

And, Taylor concluded, there is much potential in the further application of quantitative methods to policy. "I could only touch on a small number of issues we are working on at

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