I am new and have a quick query regarding the selection of methodology and test for the empirical relevance of Taylor rule specailly after the global financial crisis of 2007 to 2009. I want to capture a longterm evidence by splitting the sample from Q:1 1970 to Q:1 2007 and from Q:4 2007 to Q:4 2015 (I dont know if I can break this way and can drop Q2 & Q3 of 2007).
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