Some critics argue that the Federal Reserve stoked the housing price bubble after 2000 by keeping monetary policy too simulative. To investigate, first plot from 2000 to 2007 on a quarterly basis the Taylor rule gap – the difference between the Taylor rule and the federal funds rate – as described in Chapter 18 Data Exploration Problems 1 and 2. Add to this plot on the right scale an index of U.S. housing prices (FRED code: SPCS20RSA).Does the evidence support the critics’ claim? What other evidence might be sought?