Signals › Monetary Policy, Rates & Liquidity
Whether policy is off its own historical rule.
No free source.
Not in the fit. No verdict.
Monetary Policy, Rates & Liquidity: Model the policy reaction function explicitly rather than treating policy as an exogenous shock. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.