For this module, please review the list of research topic options attached below

For this module, please review the list of research topic options attached below. Research the topic associated with the first letter of your last name. Prepare a brief report (1-2 pages) that you will submit by the end of this module.
Research data:
The Federal Reserve Bank of St. Louis maintains economic data in a system called Federal
Reserve Economic Data or FRED. This web site is located at
http://research.stlouisfed.org/fred2/. Please explore this web site; it contains a wealth of
economic data on the economy, interest rates, and banking. Most of the research projects will
require data that is available from this website where you can either copy a graph that you create
or download data to Excel for further analysis.
Plot the Taylor Rule since 1990 on a quarterly basis (similar to Figure
18.9). For the output gap, use the percent deviations of real GDP (FRED code: GDPC1) from
potential output (FRED code: GDPPOT). For inflation, use the percent change from a year ago
of the price index for personal consumption expenditures (FRED code: PCEPI). Assume that the
long-run risk-free rate averages 2 percent and the target inflation rate is 2 percent. When
complete, compare the Taylor Rule rate against the actual federal funds rate (FRED code:
FEDFUNDS) after 2007.

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