we are going to address whether the Fed and Alan Greenspan kept interest rates too low for too long following the 2001 recession according to two…

Address whether the Fed and Alan Greenspan kept interest rates too low for too long following the 2001 recession according to two rules: The original Taylor Rule and the Mankiw Rule

Data Table  and additional sub problems in the attached.

Use the table below to answer the following questions.

FF – the federal funds rate

PCE INF = PCE inflation

PCE CORE = the core rate of PCE inflation

GDP = real GDP

GDP POT = potential (real) GDP

UR = the unemployment rate