New Engineering Findings from University of London Described (Federal Reserve Chairs and Monetary Regimes): Engineering

2025 AUG 18 (NewsRx) -- By a News Reporter-Staff News Editor at Economics Daily Report -- Researchers detail new data in Engineering. According to news reporting originating in London, United Kingdom, by NewsRx journalists, research stated, “This paper extends prior research by introducing a novel econometric framework-Regime-Dependent Granger Causality-to analyse the systematic elements of United States (US) monetary policy. Using vector autoregressive models allowing for temporary Granger causality, we examine the association between monetary policy regimes-Taylor rules and Monetary Feedback rules-and the tenures of Federal Reserve Chairs.”

Financial supporters for this research include Economic & Social Research Council (ESRC), Economic & Social Research Council (ESRC).

The news reporters obtained a quote from the research from the University of London, “The analysis identifies the Global Financial Crisis period as a critical juncture. Taylor rule regimes predominated between 1965 and 2004, whereas Monetary Feedback regimes became more prominent from 1984 to 2019, with notable deviations during the Burns-Miller tenure and post-2004 under Bernanke. Monte Carlo simulations affirm the robustness of these findings.”

According to the news reporters, the research concluded: “The study underscores the increasing relevance of Monetary Feedback rules in understanding the evolving nature of systematic US monetary policy, particularly in the aftermath of the crisis.”

This research has been peer-reviewed.

For more information on this research see: Federal Reserve Chairs and Monetary Regimes. Oxford Bulletin of Economics and Statistics, 2025. Oxford Bulletin of Economics and Statistics can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Oxford Bulletin of Economics and Statistics - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1468-0084)

Our news correspondents report that additional information may be obtained by contacting Zacharias Psaradakis, University of London, Birkbeck Business Sch, Econ, London, United Kingdom. Additional authors for this research include Yunus Aksoy and Rubens Morita.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/obes.70006. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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