GDPD

AcronymDefinition
GDPDGross Domestic Product Deflator
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Tables 2 and 3 present the estimation results of Equation (15) for the subperiod 1959Q1-1979Q2 and 1979Q3-2010Q2 using the CPI and the GDPD as alternative price indexes, respectively.
TABLE 3 Estimation Results of the Conventional Taylor Rule: GDPD as the Price Index 1959Q1-1979Q2 Parameters [alpha] [rho]R [[PHI].sup.[pi]] [[PHI].sup.y] 0.0099*** 0.7613*** 0.6431*** 0.3262*** (0.0022) (0.0671) (0.1742) (0.0926) 1979Q3-2010Q2 Parameters [alpha] [rho]R [[PHI].sup.[pi]] [[PHI].sup.y] 0.0023* 0.8772*** 1.1340*** 0.5207*** (0.0012) (0.0229) (0.2185) (0.0792) Notes: The numbers in parentheses are standard deviations.
The upper and lower panels depict the estimation results with the price index measured by CPI and GDPD, respectively.
(6) Moreover, these estimates are significantly greater than one for all grids in ask when GDPD is applied.
TABLE 7 Estimation Results of the Conventional Taylor Rule Using a Quadratic Detrending Method to Construct the Output Gap: GDPD as the Price Index 1959Q1-1979Q2 Parameters [alpha] [rho]R [[PHI].sub.[pi]] [[PHI].sub.y] 0.0051** 0.8673*** 0.4068 0.1342* (0.0022) (0.0875) (0.2741) (0.0731) 1979Q3-2010Q2 Parameters [alpha] [rho]R [[PHI].sub.[pi]] [[PHI].sub.y] 0.0005 0.9393*** 2.0955*** 0.1948 (0.0012) (0.0222) (0.5119) (0.1300) Notes: The numbers in parentheses are standard deviations.
Figure 7 indicates that the estimates of [[alpha].LR] are insignificant in the subperiod 1959Q1-1979Q2, but are positively significant in the subperiod 1979Q3-2010Q2, regardless of whether the price index used is CPI or GDPD. We therefore conclude that the Taylor principle is satisfied in the long run for the 1979Q3-2010Q2 subperiod.
"The new cluster significantly expands GDPD's ability to access data quickly and to apply technologically advanced algorithms to seismic data.
(4.) The source of data was CITIBASE, and, in particular, its series GCQ, GIFQ, GINQ, GIPDQ, GIRQ, GDPD, FSPCOM, GDPD, FYAAAC, and FYBAAC.
Astronautics was developing a magnetic cooler for liquefying hydrogen and planned to use gadolinium-palladium (GdPd) as the magnetic refrigerant.