Source: Summary of Economic Projections (SEP), September 2016 (document available on the Board’s website at https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm); John B. Taylor (1993), "Discretion versus Policy Rules in Practice," Carnegie−Rochester Conference Series on Public Policy, vol. 39 (December), pp. 195−214. Figure 10.
*  *  *  Mr. B. Rajcoomar, Chief of Financial Institutions Division, IMF; Mr. Jaroslav Kucera, Senior Economist, IMF; Mr. Thomas Morrison, EDDI Project Manager, IMF; Mr. Robert Maate, Senior Statistician EAC Secretariat; Distinguished Participants; Ladies and Gentlemen; I welcome you all to Kenya and to this very important workshop on the compilation and harmonization of monetary and financial statistics in the East African Community (EAC).