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The Taylor rule and interest rate uncertainty in the U S 1970 2006

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Figure

Figure 5 shows the various elements of the two-period forecast uncertainty about the Federal
Table 3: Diagnostic tests for inflation equation
Figure 1: Estimated output gap with 1.96 standard deviation bands.
Figure 2: Inflation forecast and forecast errors.Solid: inflation rate.forecastDashed: inflation t + 2|t − 1
+2

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